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As China is Signify's second-largest overseas market after the United States, the company develops its products not only for a single country but for the global markets, Lim said. Many breakthroughs have been contributed by Signify's innovation facilities, including those in Shanghai and Shenzhen.
As "America first" reins in the world's largest economy, many are increasingly turning to China, whose leaders have committed to openness and globalization.
Artificial intelligence software is demonstrated at a Microsoft booth during the China National Computer Congress 2017 in Fuzhou, East China's Fujian province. [Photo by Zheng Shuai/For China Daily]
As China is still in the process of transitioning from a quantity-based economy to a price-based framework, precisely gauging the monetary policy stance can be challenging as "the central bank utilizes many instruments, balances many objectives, and faces many constraints", said Shan.
Artificial intelligence industry insiders have called for more research and innovation to spur industry development after a tech hub in Beijing offered funding of up to 30 million yuan (.2 million) for AI startups.
