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AI technology helps Chinese electronics exporters explore overseas market

China

AI technology helps Chinese electronics exporters explore overseas market
China

China

AI technology helps Chinese electronics exporters explore overseas market

2024-04-13 17:24 Last Updated At:22:19

Emerging high technologies, including artificial intelligence (AI), have played a significant role in assisting China's electronics exporters explore overseas market.

Statistics from the General Administration of Customs show that in the first quarter, the export of the "new trio", namely electric vehicles, lithium-ion batteries and photovoltaic products, totaled 264.69 billion yuan (about 36,575 billion U.S. dollars), up 66.9 percent, and its proportion of China's exports increased by 1.7 percent to 4.7 percent.

As the electronics industry expands, Chinese companies are using AI technology to optimize production processes and improve product quality and competitiveness in the global market.

In south China city Shenzhen, an artificial intelligence company, SmartMore, has designed and developed a quality inspection machine that uses artificial intelligence technology to detect defects in all aspects of consumer electronics.

Liu Shu, a technology director of the company, said the machine can handle consumer electronics with complex shape and small size, which used to make manual quality inspection difficult, and the efficiency of one machine is equivalent to that of 20 workers.

"This equipment can reach a maximum of more than 5,000 UPH (unit per hour), which means that this equipment can complete the appearance defect detection for 5,000 products in one hour, reaching a high level in the industry and probably in the first rank," said Liu.

SmartMore has also developed an AI-powered machine to inspect the quality of PVC coating on battery products, solving the quality control problem in this category. Zeng Ke, a project manager of the company, said the smart machine has been adopted by many battery manufacturing workshops.

"It can work around the clock with high stability and almost no errors," said Zeng.

In November last year, the company also released the world's first industrial multimodal large-scale model to serve manufacturing companies. Liu said their AI model has provided services to over 200 leading companies around the world.

"We have collected and sorted the knowledge of five major disciplines, including optics, machinery, electronics, computing and software, and eight major industries, such as electronics, textile, electricity and equipment in the market. Through research and development, production and service, we have accumulated unique data covering more than 200 different industrial scenes and more than 3 million real industrial images," said Liu.

The emerging technology company founded less than five years ago is one of more than 4,400 AI companies in China, according to official statistics.

China's growing AI industry has enabled the country's enterprises to adopt relevant technologies. The size of China's AI core industry will reach 578.4 billion yuan (about 79.92 billion U.S. dollars) in 2023, with a growth rate of 13.9 percent, according to a report by the China Academy of Information and Communications Technology and the China Center for Information Industry Development. The enterprise adoption rate of generative AI in China has reached 15 percent, with a market size of about 14.4 trillion yuan.

Zhang Shenghao, a customs official with Shenzhen Customs, said high technology has supported export growth in the region's economic zone.

"In the first quarter, the total import and export volume of enterprises through the ports of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone reached 503.24 billion yuan, a record high for the same period in history, up 13.2 percent year on year. Exports reached 425.24 billion yuan (about 58.76 billion U.S. dollars), up 15.9 percent year on year. This has given new momentum to the high-quality development and high-standard opening-up of the economy of the Guangdong-Hong Kong-Macao Greater Bay Area," said Zhang.

AI technology helps Chinese electronics exporters explore overseas market

AI technology helps Chinese electronics exporters explore overseas market

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High level opening-up boosts foreign investment in China: spokeswoman

2024-04-29 19:19 Last Updated At:19:47

The high-level opening-up and favorable business environment have boosted the confidence of foreign enterprises to invest more in China, said Zhao Ping, spokeswoman of the China Council for the Promotion of International Trade (CCPIT), at a press conference in Beijing on Sunday.

Zhao said that in the first quarter of this year, the council conducted surveys on over 600 foreign-funded enterprises, which found that they were generally satisfied with the business environment in China.

Regarding specific services, over 90 percent of respondents were satisfied or more than satisfied with acquiring business sites, market access and seven other indicators, according to the survey.

"European-invested enterprises interviewed expect that their profit margins in China will increase over the next five years, with nearly 60 percent anticipating higher returns which is higher than in other regions. The proportion of foreign-invested enterprises planning to increase their investment in China this year has risen by 2.1 percentage points compared to the previous period. North American companies surveyed exceed the overall average by more than 4.5 percentage points. Our data indicates that China's market maintains a comprehensive advantage in attracting foreign investment. Coupled with a series of policies aimed at stabilizing the economy, promoting openness, and attracting foreign investment that have been effective since the first quarter, China's favorable investment environment and high level of openness have boosted the confidence of foreign enterprises in investing in China," said Zhao.

High level opening-up boosts foreign investment in China: spokeswoman

High level opening-up boosts foreign investment in China: spokeswoman

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