The study forecasts Chinese leadership in eight of 17 key industries, including the models underpinning artificial intelligence, Bloomberg reported in an exclusive story yesterday by Ben Holland. Analysts led by Francis Chan expect Chinese companies to narrow gaps in chips and optical networking components, although full semiconductor self-sufficiency remains unlikely. The findings point to shared AI leadership between China and the United States, with neither achieving overall supremacy. American models could retain a narrow advantage at the technological frontier, while Chinese software optimization could support cheaper deployment.
China is also expected to lead all three new-energy categories assessed, including electric vehicles and energy storage, alongside biopharmaceutical manufacturing. It already leads in humanoid robot production and parts of shipbuilding, and has matched US research and development spending. However, technological gains are unlikely to reverse the broader economic slowdown. Bloomberg Economics forecasts average annual growth of 3.6% over the next decade, compared with 5.2% during the past three years. AI and automation could ease pressures from a shrinking workforce and weaker property activity, but cannot overcome those challenges alone, the analysts said. Profitability also remains uncertain.
Chinese AI companies face fierce price competition, with earnings likely to remain elusive until pricing becomes more disciplined. Planned changes to benchmarks including the Hang Seng Tech Index could broaden investor exposure to advanced hardware, AI and robotics. Trade tensions remain another obstacle, restricting access to markets and advanced components. Nevertheless, the analysts expect those barriers to redirect the geography of Chinese industrial expansion rather than halt progress over the coming years.
Culled from https://macaudailytimes.com.mo/
