The security guard observes during the opening of the National National Congress (NPC) in the large hall of the Peking of Peking on March 5, 2025.
Wang Zhao | AFP | Getty Images
Peijing – the underwater of China Annual parliamentary meetings this week Are US trade tensions – and how Chinese technology compensates for that pressure.
This year, mostly a solemn gathering of delegates in Beijing came just when US President Donald Trump addressed the congress and imposed new tariffs on Chinese goods. The withdrawal of exports is clear, while Chinese companies have only faced more severely access to top semiconductors and other advanced technologies.
“International … The increasingly complex and stricter external environment can have a greater impact on China in areas such as trade, science and technology,” said Chinese Prime Minister Li Qiang in his annual report on the Government’s work at the opening ceremony of the National Congress of Peoples on Wednesday, according to the official English translation of Chinese.
It was an unusually gloomy assessment at least among the seven parliamentary meetings I attended. But I also felt greater willingness to support the private sector than in the past – especially since it refers to technological innovations, such as Chinese AI Company Deepseek.
“We will promote a healthy and well -regulated development of the platform economy and provide a better game in his role in the inspiration of innovation, spread of consumption and stabilization of employment,” he said in a report on the work report.
This has marked the latest signal that Beijing now wants to support the private sector after previously occupied by a far more restrictive attitude and imposing great fines on the technological giants of Alibaba and Tencent, often called “platform in China. Many companies and industries in China are historically dominated by the state.
Recent rise of Deepseek Demonstrated by many international investors – who have become careful about slowing economics – so that the Chinese company can compete with the USA on AI, regardless of the sanctions of the White House.
Beijing quickly confirmed the success of the startup. Deepseek’s Liang Wenfeng attended a meeting with the Prime Minister in January, and a symposium with Chinese President XI Jinping in February.
Ai to suppress protectionism?
While Deepseek was not specifically mentioned in the Government’s Work Report, a team member who made a report called – and applications like Kuaishou Kling AI for a generation of videos – while talking to the print on the rapid Chinese development of AI on Wednesday.
“Historically technological progress is often an important force to break through barriers and protectionism,” said Chen Changsheng, who is also the deputy director of the State Council’s Office, he said in Mandarina, translated by CNBC.
“We look forward to that AI, under the current international background, will become a positive energy to promote cooperation and multilateralism,” he said.
Hong Kong, China – January 28: In this photo illustration, Deepseek apps are seen on the phone in front of the Chinese flag on January 28. January 2025. In Hong Kong in China.
Anthony Kwan | News about Getty Images | Getty Images
“Tech” is another memorial in this year’s report opposite the last year, and “reform” has received 10 more mention, according to versions in Chinese. The Tech self-borrower also received its own subsequent in the last Chinese annual work report, unlike the transient mention of 2024.
New law
The Chinese legislative body discussed a new law that would support the private sector. Beijing said it would be adopted as soon as possible after further discussions and audit.
This year, politics is likely to be led from below up and not from below up, said Ding Wenjie, an investment strategist for global capital investment in China Asset Management Co., according to the CNBC translation of its objections to the language in Mandarina.
She expects growth in AI and leading technology to encourage the development of other industries, but warned that companies will probably need more than only one or two quarters to see the results.
The Chinese parliamentary meetings officially ended early next week. More official comments on technology and the private sector law are expected to pass in the coming days.
Among the main priorities for the year ahead, Premier Li said, supports “extensive application of large AI models.” Beijing plans to increase the financing of biomanufactions, quantum technology, robotics associated with AI and 6G technology.
Goals specific to industry come because China tries to increase consumer consumption, minimize the withdrawal from real estate and move trade tensions with USA
Chinese “Political Focus is to accelerate the adoption of AI and autonomous ride while gradually progressing in residents’ restructuring and [local government financing vehicle] debt, “Chinese economist Morgan Stanley Robin Xing and Tim said on Wednesday in a note. They noticed that” a fiscal package came as expected: a [2 trillion yuan ($280 billion)] Spread with mild consumption support. “
The Chinese official comments during this week’s meetings indicate a tendency for models of open code.
Chen warned the “excessive” use of private AI projects at the work report on the drafting of the drawing that could fragment the market and instead invite the “big applications”.
China will also work to increase computer capacities and development “Open Code models,” said the Economic Planning Agency, called the National Development and Reform Commission, in its plan for the year ahead.
