The rapid acceleration of scientific and technological progress, which started at the beginning of the 21st century, has become a decisive factor in influencing the global economy. Who will lead the global innovation race? This problem is especially relevant in the field of artificial intelligence (AI). At the moment, the United States and China are the main participants in the battle for dominance in this area. The author assesses Chinas innovative potential in the field of AI and identifies its achievements in this area. Based on the statistics provided, Chinas AI leadership has reached a critical point. China is confidently leading the new fundamental research of artificial intelligence, forming its theoretical base and applied research and development, which will contribute to the creation of new high-tech innovative products and services. However, in terms of the number and quality of AI specialists (AI Talents) and the number of companies engaged in AI, China is still lagging behind its main rival, namely the United States. The author proved that, despite the obvious successes of China, the United States still has an equal lead in the global innovation race.
The COVID-19 pandemic has caused irreparable damage to all economies. Coping with the consequences by the leading players in the global economy is only expected. However, the worlds leading organizations have been trumpeting about overcoming the crisis in China. The aim of the research is to analyze the current state of the Chinese economy and answer the question whether it has overcome all the crisis phenomena. As part of the study, the authors analyzed indicators such as GDP, debt level, level of domestic demand, activity in the financial market and the MA market, as well as technological and social policies of China and the structure of trade. For the analysis of quantitative indicators, a combination of comparison and classification methods, media scanning, and crowdsourcing was used. The information base was grounded on annual reference books published by official institutions in Сhina, World Bank, International Monetary Fund, statistical data from international publications devoted to Chinese economy. The analysis showed the presence of trigger situations in the stock market, in the market for innovative investments and the banking sector. The state of the credit system is also a matter of concern. The authors have proven that enthusiastic statements about the rapid recovery of the Chinese economy are more an encouraging myth than a fait accompli. Today, China is only at the beginning of its recovery from the crisis caused by the pandemic. Will it be able to become the locomotive of global economic growth again, as in 2008? The answer to this question remains open.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.