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China: Hong Kong bets on AI sector to drive growth
Storyline: Hong Kong bets on AI sector to drive growth [Voice_over] Hong Kong's AI sector is charging ahead—with almost 4,700 startups last year calling the city home, a 10 percent year-on-year surge. The secret? Betting on two unstoppable forces: top-tier talent and unshakable innovation, fueled by 30 billion Hong Kong dollars in government AI funding. [Sound_bite] Shen Xiaoyong, Co-founder and CEO, SmartMore: "China-US or East-West competition will intensify further, with no major easing expected as we foresaw years ago. So we have been focusing on innovations, developing leading, indispensable products." [Sound_bite] Jane Zhang, Chief human resources officer, SenseTime: "We recruit global top-tier talent for advanced AI R and D and deployment. In Hong Kong, 66 percent of our team holds master's degrees or above, with over 70 percent in R and D, mirroring our global talent structure." [Voice_over] Yet the road hasn't been smooth. As tech wars escalated, Hong Kong faced headwinds—only to pivot with a strategy as deep as its history. [Sound_bite] Sun Dong, Secretary for Innovation, Technology and Industry, HKSAR Government: "Over two years ago, certain countries explicitly introduced technologically unfriendly policies targeting Hong Kong. At that time, I quoted an ancient Chinese saying to express my view: 'No mountain can block the river, it keeps flowing east.' This symbolizes how the broader global trend of 'the East rising while the West declines' cannot be altered by the policies of a few nations." [Voice_over] Sun Dong also quoted Foreign Minister Wang Yi's words: 'strong winds sweep over the mountain, but the mountain stands firm'. [Restrictions : No access Chinese mainland]
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