The Taihu World Cultural Forum · Qiantang Dialogue was held in Hangzhou, Zhejiang, from November 12 to 13, focusing on "Mutual Learning and Innovation in Wealth and Financial Culture." Regarding international competition in AI, former Bank of China President Li Lihui stated that artificial intelligence is widely recognized as a decisive factor in determining a nation's future strength, with computing power being the primary battleground. This competition occurs both at the national level and among global capital and tech giants.

In the national-level AI race, China adheres to an independent, intensive, and efficient development path. Li emphasized that technological innovation ultimately depends on a nation's and enterprises' capabilities, financial resources, human capital, and perseverance. Market competition, meanwhile, hinges on collective and individual trust, reliance, confidence, and conviction. Catching up in core technologies requires time and process, as does cultivating market trust.

"In the next five years, we may achieve parity with or even surpass others in core technologies. Market trust will then determine the cohesion and competitiveness of domestic brands in China," he said.