Xinhua Silk Road: AI helps empower China-ASEAN Free Trade Area for better development

General Press Releases Tuesday September 10, 2019 15:30
BEIJING--10 Sep--PRNewswire/InfoQuest
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.

See the original link: https://en.imsilkroad.com/p/308241.html?from=timeline
Photo - https://photos.prnasia.com/prnh/20190910/2575115-1

Latest Press Release

Hot Hokkaido Hotate Winter Delicacies at Up Above Restaurant

Hokkaido scallops, known as Hotate, are world renowned for their premium quality and freshness. During the late autumn and early winter months they feed on nutrients in the warm Kuroshio and cold Oyashio oceanic currents, which create a unique...

คณะ ICT มหิดล เปิดอบรมหลักสูตร Blockchain Technology to Drive Business Disruption

คณะ ICT ม.มหิดล ได้เปิดอบรมหลักสูตร Blockchain Technology to Drive Business Disruption ภายใต้โปรแกรมอบรม Retraining & Coaching ICT Professionals เพื่อพัฒนาบุคลากรสู่ยุคดิจิทัลเทคโนโลยี เตรียมพร้อมรับมือ Digital Transformation ในยุค Thailand 4.0...

Comviva Recognized Amongst India#s Top 25 Best Workplaces for Women 2019

Comviva, the global leader in mobile solutions today announced that after being certified recently as a 'Great Place to Work' organization; it has now been recognized amongst the top 25 'India's Best Workplaces for Women 2019' by Great Place to Work(R)...

Second Annual NESCAFE Day Campaign Unites Thais to Nurture Stronger Bonds with Heroes with a Great Cup of NESCAFE on International Coffee Day

Second Annual NESCAFÉ Day Campaign Unites Thais to Nurture Stronger Bonds with Unsung and Everyday Heroes with a Great Cup of NESCAFÉ on International Coffee Day Campaign Includes NESCAFÉ Bonding Sets for 400 units of Border Patrol...

Moutai and AIESEC Co-Organize Youth Speak Forum, Crossover Cooperation Promotes International Public Welfare

The YouthSpeak Forum, co-organized by the Kweichow Moutai Group and the international youth-run volunteer organization AIESEC Sri Lanka, was held at the Lighthouse Auditorium in Colombo, Sri Lanka on Sept. 11th. Moutai co-organized the event because it...

Related Topics