Author: Reuters

Chinese lenders plan to steer more money toward technology and innovation-oriented firms, bankers say, responding to Beijing’s pledge to aggressively adopt artificial intelligence throughout the economy and dominate emerging sectors. The credit-allocation shift toward tech is well underway and is set to accelerate further under the government’s plans, ‌unveiled last week, to go all-in on technologies from AI, semiconductors to advanced manufacturing, they said. At the annual meeting of the National People’s Congress, the country’s top ‌leaders promised generous funding and policy support for tech and innovation over the next five years.Read More

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