02 | 2018 | A Look into the Future

Shaping the Future

Artificial Intelligence (AI) is one of the most significant technical developments that will shape our future. It could be described as humanlydesigned advanced programs and hardware, that with the help of specific interfaces, are capable to record human and machine behavior on alarge scale and consequently mathematically process and imitate these behaviors at an incredible speed and far more accurately as humans.

This technological upheaval may change our environment as extensively as the industrial revolution. AI will automate monotonous, repetitivemental human work in all aspects of society. It will be a player at stock exchanges and markets, drive our cars, detect anomalies in our factories,facilitate “Industry 4.0” and will support doctors, lawyers, tax consultants, insurance agents and engineers.

Therefore, AI has been identified by China’s government as a corner stone of its “Made in China 2025” agenda. The “New Generation ArtificialIntelligence Development Plan”, which was released in July 2017, allocates research funding of multiple billion dollars to catch up with Westerncountries within three years, achieve major breakthroughs by 2025 and make Chinese Artificial Intelligence Technology “the envy of the world”by 2030.

Besides China’s abilities to develop a nationwide unified strategy and to allocate and concentrate financial resources, it has the advantages of ahealthy hardware manufacturing sector, a large educated population that embraces technological changes, Western educated talents returninghome, easy access to funding and less restrictions on the storage of personal data and last but not least the biggest domestic market potential.

Apart from China’s leading tech firms such as the “BATs” - Baidu, Alibaba and Tencent - an impressive ecosystem of tech-startups has grownout of China in recent years. Whereas Western talents might put a priority to a work life balance, there is the “996” term (start at 9, finish at9, work 6 days) for Shenzhen’s ambitions high tech firms. But there are not only first tier cities. Eleven provincial governments have announcedtargets that combined would create an AI core industry of CNY 400 billion by 2020 which is above the national target of CNY 150 billion.In Hefei the so-called “China Speech Valley” has emerged, where 200 companies, including large domestic players, are dedicated to speechrecognition.

By next year, it is expected that China will surpass the United States as the largest spender on research and development worldwide. Andlocations such as Shenzhen, where around 40% of all international Chinese patents are filed, can be expected to continue making headlines with the emergence of new, promising tech-firms.

It is an exciting time in Chinese technology: Hence, this issue of the German Ticker will take a closer look at several technologies developed inthe middle kingdom, such as artificial intelligence, virtual reality, robotics, virtual commissioning and crypto currency. These technologies bearthe promise to redefine the Chinese economy and might even shape the future of the world economy.

I hope this ticker will allow you to gain some insight into this world of tomorrow!

 

Download PDF Version

A Look into the Future

Cover Story 1 - China and the Global AI Race

By PROF. DR. ZHENG HAN, JAKOB BODENSTEINER

You are driving down an alley. After a confusing traffic situation, a group of children appear playing on the street. It is already too late to brake. You can either run into the group of children or steer your car into a tree. What would you do? Imagine now sitting in an autonomous car. How will your car decide, which is programmed to bring you safe
home?...More

Cover Story 2 - Virtual Commissioning: One Step Further in Industry 4.0

Cover Story 2 - Virtual Commissioning: One Step Further in Industry 4.0

By LYNN CHEN

When talking about virtual, you may have bought a pair of 3D glasses for your kid and are thinking maybe this is what I meant. You may have heard virtual reality and played some games on your device. Did you think THIS is what I meant? Ok, maybe you didn’t know about virtual commissioning. You may wonder why industry would start using this method....More

Cover Story 3 - Digitally Integrated Production

Cover Story 3 - Digitally Integrated Production

By PROF. DR. HOLGER KOHL

Off the peg was yesterday. Today, many enterprises execute custom processes for every client or even every single order – often with annual repetition rates of 1.3%. Letting buyers choose the color or styles of custom trainers or designing custom car interiors are not a major problem. System suppliers regularly face completely different
challenges...More

Cover Story 4 - Blockchain: A Look into a Financial Future

Cover Story 4 - Blockchain: A Look into a Financial Future

By XIAOCHEN ZHANG , XINRAN XU, ZHEYU LUO, JIAXIN LYU, AND MAN YIK LAU

Countries worldwide are integrating fintech and blockchain technology into their government development strategies, and China is not an exception. Along with the previously issued blockchain whitepaper by the Ministry of Industry and Information Technology (MITT) listing a detailed implementation timetable of the technology in March 2018, China has demonstrated a clear commitment in a general and multifaceted adoption of blockchain ... More

Cover Story 5 - Trends in China’s Intellectual Property System

Cover Story 5 - Trends in China’s Intellectual Property System

By REINOUT VAN MALENSTEIN

Intellectual property (IP) and China is hot at the moment, especially the subject of IP and technology transfer, with the current threat of a trade war between the USA and China based upon claims of the USA on this topic. But, is the environment currently that bad in regards to Intellectual property and technology transfer in China? Or, do companies just need to find the correct means in China in order to protect and safeguard their IP? This article will assess the current trends in the Chinese IP landscape, its important developments and focus on the ways on how businesses can get their China IP strategy right....More

China Industry Report - Automotive - Entering a New World in China

China Industry Report - Automotive - Entering a New World in China

By DR. MARCO HECKER, ZHOU QUAN, JENS EWERT

With the advanced applications of information communications technology (ICT), development of new energy, rapid advances in artificial intelligence, and industry convergence driven by innovative technology, the traditional auto industry is facing unprecedented opportunities and challenges.

The industry is transforming: the rise of a new auto civilization and concepts such as intelligence, e-tron, internet connectivity and the sharing economy move from concepts to practical applications. A newpattern of competition...More

Feature 1 - Prevention and Crisis Management: Need to Know for German CEO’s and CFO’s in China

Feature 1 - Prevention and Crisis Management: Need to Know for German CEO’s and CFO’s in China

Interview with Philipp Senff, Partner at CMS China

By OLIVIA HELVADJIAN
Chief Editor German Chamber Ticker

The German Chamber Ticker team had the opportunity to talk to Mr. Philipp Senff, Partner and Head of Compliance at CMS China. He is recognized as leading corporate, compliance and risk management lawyer with over 15 years’ of China-related business experience. He has extensive experience in advising multinational companies, international banks and entrepreneurs of a wide variety of industries on mergers and acquisitions, corporate law, joint ventures and the restructuring of business operations in China... More

Feature 2 - Economic and Policy Outlook Q1 2018

Feature 2 - Economic and Policy Outlook Q1 2018

By JOSIPA MARKOVIC

Following the 19th National Congress of the Communist Party of China, held in October last year, also the first session of the 13th National People’s Congress and the first session of 13th National Committee of the Chinese People Political Consultative Conference (CPPCC) – the Two Sessions – concluded successfully in March this year. The Two Sessions review and implement policies and changes discussed during the previously held Party Congress. This year’s sessions were the first to open under the guidance of “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era”.
Particularly, China’s 2018 government work report was outlined, the country’s constitution was amended, a new national supervision commission was established... More

Feature 3 - Legal Update

Feature 3 - Legal Update

By DR. ULRIKE GLUECK AND MICHAEL MUNZINGER

The People’s Republic of China (“PRC”) has become one of the most attractive destinations for research and development (“R&D”) investments in recent years. This is reflected by a fast growing number of R&D centers, the large amount of Intellectual Property (“IP”) filings in particular by Chinese individuals and domestic Chinese companies and steady investments by multinational corporations in the high technology
sector. The PRC’s strategic emerging industries are growing swiftly,... More

More Than Business - Third More than a Market Awards Honor Corporate Social Engagement Projects

More Than Business - Third More than a Market Awards Honor Corporate Social Engagement Projects


On 31st May 2018, for the third time, the German Chamber of Commerce in China and Bertelsmann Stiftung, supported by the German Consulate General Shanghai, awarded the More than a Market Award to five German projects to honor their outstanding social engagement in Chinese society.

Due to Asia’s, and especially China’s, rise and increasing importance for today’s multinational businesses, German companies are facing new challenges: On the one hand they need to demonstrate more global presence than ever, on the other hand they should adjust to the local market conditions and completely different cultures... More

German Chamber Ticker Editorial Team

Contact

Olivia Helvadjian

Senior Communications Manager & Chief Editor

+86-21-3858-5037
Send e-mail
Download vCard

Jessica Downer

Junior Editor

+86-21-3858-5075
Send e-mail
Download vCard