AstraZeneca CEO offers insights on China’s economy, AI-driven healthcare innovation

Pascal Soriot, the Chief Executive Officer of biopharmaceutical company AstraZeneca, has commended China for fostering a supportive business environment, and emphasized the revolutionary role of artificial intelligence (AI) in the healthcare industry, during a recent interview.

Speaking to China Global Television Network (CGTN) ahead of the Boao Forum for Asia (BFA) Annual Conference 2025, Soriot expressed confidence in China’s five-percent economic growth target, highlighting robust policy support and consumer demand as key factors driving the company’s continued growth.

"In Beijing, we are setting up this new research and development center. We are going to invest 20 billion RMB in this center in doing research and development, AI, and new biology in Beijing. The government of Beijing has been incredibly supportive, better than what we could hope for anywhere in the world. So, you've got a commitment by the government, you have a strategy, you have science, you have the talent. So, I think it will happen. There are an enormous number of people in China that are still aiming to do better in life. They want to access a better life, they want to access this common prosperity and common health. So, all of those factors give me really hope and confidence that the economy will continue to grow," he said.

According to Soriot, artificial intelligence holds significant promise in advancing health innovation.

"On the innovation side, it is actually helping us discover new targets, new medicines much faster. It is helping us optimize those molecules, because you discover a target, you have a first scaffold of a molecule and then you have to optimize the molecule. In the past it would take six months, now it takes a week. It's helping us accelerate our clinical trials. So it really has a tremendous impact on the innovation side of healthcare, coming up with new medicines, bringing them to patients. And suddenly biotech companies in China are leveraging this to the full extent because there are a lot of very good AI engineers in China as we all know from hearing about DeepSeek," he said.

Soriot pointed out that AI can transform disease detection and treatment, while enhancing access to timely, high-quality healthcare services.

"An example of where AI can help is we're using a technology developed by a company called Qure AI. And it's an AI technology that scans traditional X-rays, chest X-rays that people are taking for chest infection or whatever other reasons. And we use this to actually diagnose early forms of lung cancer where people can be cured, because surgery would just remove the tumor and they are cured. Early diagnosis of lung cancer is done typically with CT scan. It's expensive, it takes time, so people don't do it. Scanning those traditional X-rays is actually a fantastic way to diagnose patients early. So I think technologies can also help in this area of early diagnosis and treatment of people," he said.

The Boao Forum for Asia (BFA) Annual Conference 2025 opened on Thursday in Boao, south China's Hainan Province.

Founded in 2001, the BFA is a non-governmental and non-profit international organization committed to promoting regional economic integration and bringing Asian countries closer to their development goals. Running from March 25 to 28, this year's conference is themed "Asia in the Changing World: Towards a Shared Future."

AstraZeneca CEO offers insights on China’s economy, AI-driven healthcare innovation

Colombians are heading to the polls on Sunday to elect their next president. The country's constitution prevents the current President, Gustavo Petro, from running for a second term.

Yet, many see this election as a referendum on the policies of Gustavo Petro, Colombia's first leftist president.

There are 14 candidates on Sunday's ballot, but the polls show it will likely be a tight three-way race.

The frontrunner is Ivan Cepeda, a 63-year-old three-term senator, representing President Gustavo Petro's party, the Historic Pact coalition. Cepeda has vowed to defend and deepen Petro's progressive reforms and social justice policies to reduce inequality. He also promises to continue the government's controversial "Total Peace" strategy to negotiate the disarmament of remaining guerrilla groups and criminal gangs.

"True prosperity comes from equality, from access to rights, and from transforming the peripheral and excluded territories of the rural world," Cepeda said at a campaign rally.

Running as a political outsider and independent is Abelardo de la Espriella, a 47-year-old lawyer, nicknamed "The Tiger." He has presented himself as the "authority and order" candidate who will reduce state spending by up to 40 percent in the next four years.

"(First,) we must fight insecurity. Colombia is suffering today from a pandemic of insecurity. Crime is out of control: extortion, cattle theft, smuggling, drug trafficking," he said to his supporters at an election event.

According to polls, the third candidate with strong support is Paloma Valencia. The 48-year-old senator represents the Democratic Center party led by popular former President Alvaro Uribe Velez. Her candidacy is backed by politicians and economists who are concerned with growing levels of public debt. They want to see a return to more conservative fiscal policies.

"I don't want to be a president who governs alone, locked away in glass offices. I want to be a president who stands with citizens, who embraces them, who reaches out to them, who has a team, and who governs to transform Colombia," the candidate said at the campaign event

According to polls earlier in the year, many voters are expressing concerns about unemployment, rising living costs, corruption, and, above all, public security.

The election comes after a turbulent year that the International Committee of the Red Cross has called "the worst humanitarian consequences of armed conflict over the past decade."

"(We arrive at this election in a tense atmosphere - tense) because of the economic situation, because of the security situation, and because of the narratives that have been built around the country's main problems. On top of that, emotions, ideas and social media have all helped raise (the tone,)" said Eduardo Velosa, associate professor from International Studies Javeriana University.

If no candidate receives 50 percent of the vote, a runoff election will be held between the top two finishers on June 21st.

Colombians prepare to choose their next president