Progress foreseen in green transition
SHI YU/CHINA DAILY China is expected to firmly safeguard its core economic interests and advance progress in critical areas of green transformation and AI technology, despite the fact that the United States is likely to continue trying to exclude it from key world value chains, said a senior expert on China-US economic and trade relations in an exclusive interview with China Daily. Ju Jiandong, chair professor at PBC School of Finance, Tsinghua University, made the remarks as he believes the US will likely continue trying to maintain hegemony in the world by containing China, the "strategic competitor" it has defined on no solid ground. Ju, who is also director of the Center for International Finance and Economic Research at PBC School of Finance, Tsinghua University, argued that a central undertaking for China is advancing industrial upgrades to maintain long-term healthy economic development, relying on driving growth in the AI industry and green sectors despite US pressures and restrictions such as export controls and tariffs. "What the US would like to do is trying to lead China in AI technology by one to two generations," Ju said.
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