AI tech prowess attracting investors

China's advancements in artificial intelligence have captivated global attention and emerged as a pivotal draw for foreign investment, said Hoffman Cheong, EY China North managing partner, at the just-concluded ZGC Forum in Beijing.

Cheong highlighted the evolving industrial landscape in China, with a focus on high-tech sectors like artificial intelligence, information technology and green energy. He said China's rapid progress in these cutting-edge fields has offered investors fresh strategic prospects.

"At the onset of this year, China's AI advancements have not only captured global interest but also reshaped the world's perception of products labeled 'Made in China'. With a slew of technological breakthroughs coming to the fore, foreign investors are witnessing the innovative capabilities and market potential of Chinese tech firms, underscoring China's growing tech prowess as a pivotal factor in attracting foreign investments.