Among the speakers at the “6th China Finance Summit”, a forum on China’s economy, in Beijing, was the General Manager of Dahua Operation Management Center, Li Teng. He spoke about a paradigm shift from “Made in China” to “Innovated in China” using AI (artificial intelligence) applications as examples.
This year’s summit took the themed of “The New China Economy: Transformation and Change” and saw 800 representatives from the fields of business, economics, the media, and entrepreneurs.
Li Teng, pictured, talked about the rise and achievements of the Chinese enterprises under the strategic background of “Made in China 2025”. From 2008 to 2016, China’s total investment into R&D grew from 457 billion RMB to 1,544 billion RMB, an increase of 237.86pc. According to Global Innovation Index 2017 which was issued by WIPO (World Intellectual Property Organization) with Cornell University, China is now ranked 22nd of 127 listed countries.
Li Teng stated that China is now leading the world in some industries, such as the Mobile Internet, High-speed Rail, and Video Surveillance. He showcased Dahua Technology’s large-scale projects such as the Rio 2016 Olympics, G20 Hangzhou Summit last summer, and the World Internet Conference in Wuzhen as examples of the application of Dahua’s big data, AI-deep learning, IoT and other smart technologies for safeguarding major events.
