Latest News
Xinhua Silk Road: AI helps empower China-ASEAN Free Trade Area for better development
Artificial intelligence (AI) is widely considered by attendees at the First China-ASEAN AI Summit as a driving force to promote better development of the China-ASEAN Free Trade Area.
China has maintained its position as the largest trading partner of the ASEAN for ten consecutive years. In the first half of 2019, ASEAN became China’s second largest trading partner for the first time, with the bilateral trade volume reaching 291.85 billion U.S. dollars, up 4.2 percent year-on-year.
The robust trade benefits from the widely applied AI technologies. For example, the owner of a fresh melon chain store in Zhengzhou, central China’s Henan Province can directly learn the growth status of the dragon fruit, the brand and dosage of pesticides used in the orchard in Thailand through Hikvision’s cameras installed in the orchard.
Apart from the agricultural field, AI technologies have also been applied in the disaster relief field.
In July 2018 when Laos was attacked by a serious flood, an auxiliary dam of a hydropower station under construction in Attapeu Province collapsed, leaving numerous people homeless.
Thanks to the unmanned aerial vehicle (UAV) control mapping technology provided by a Chinese company and the AI data analysis, the relief team in Laos discovered many disaster-stricken areas that were not found before, and saved many trapped villagers after re-planning the route.
Chairat Porntipwarawet, consul-general of Royal Thai Consulate-General in Nanning, said that the platform for ASEAN and China to interconnect and cooperate in the AI field is extremely important, which will provide new development opportunities for enhancing the well-being of both sides.
At the summit, the China-ASEAN financial information service platform was launched, which many experts believe will provide an important channel for the “precise docking” of the finance and real economy within the China-ASEAN Free Trade Area.
According to a person in charge of the platform, the platform will provide professional information services such as financial information, data, analysis and consultation for Chinese companies that are going abroad and ASEAN companies that are coming to China through interconnection with Xinhua Silk Road, an economic information platform serving Belt and Road construction. It will not only serve the business development between China and the ASEAN, but also help promote the people-to-people exchanges between the two sides.
SOURCE Xinhua Silk Road Information Service
Blockchain
India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica
Blockchain
Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum
Bybit
Blockchain
Libfx.com Announces Vision to Build a World-Class Financial Platform
-
Blockchain7 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain7 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
-
Blockchain Press Releases6 days ago
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
-
Blockchain Press Releases7 days ago
Bybit Lists LUNAI as AI Influencer Luna Makes Her Web3 Livestream Debut
-
Blockchain2 days ago
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
-
Blockchain Press Releases2 days ago
Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
-
Blockchain Press Releases7 days ago
Foresight Ventures Marks The Block’s Record Growth and Milestones on Acquisition Anniversary
-
Blockchain Press Releases6 days ago
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway