Justin Yifu Lin: 'AI Plus' driving China's leapfrog development

Justin Yifu Lin, a member of the Standing Committee of the CPPCC National Committee and dean of the Institute of New Structural Economics at Peking University, defines AI as the core of the Fourth Industrial Revolution. He emphasizes that the "AI Plus" initiative is a vital tool for boosting productivity and enabling industrial leapfrogging.

Citing the automotive sector as a key example, Lin highlights China's transition from a follower in the internal combustion era to a global leader in electric vehicles and autonomous driving. Addressing employment concerns, he asserts that the new jobs generated by AI-driven development will outpace those replaced, ultimately serving to enhance public well-being.