From CNBC: 2025-03-05 18:43:15

China’s annual parliamentary meetings address U.S. trade tensions and tech innovation. Premier Li emphasizes support for private sector, despite past restrictions on tech giants. DeepSeek’s success highlights China’s AI competitiveness despite White House sanctions. Chinese government looks to AI to counter protectionism and promote cooperation. New laws to support private sector development are in the works.

China’s annual parliamentary meetings focus on accelerating AI adoption, autonomous driving, and restructuring housing debt. Government emphasizes open-source models for AI development and applications. Fiscal package includes a $280 billion expansion to support consumption. Plans to increase computing capacity and develop open-source models are underway.

Read more: China doubles down on AI and tech as Trump ratchets up trade pressure