Xinhua has published the full text of Xi Jinping’s address to the BRICS Business Forum in Johannesburg Tuesday.
It’s worth a read if you want to understand Xi’s thinking on foreign affairs and economic development.
Xi used the occasion to discuss one of his obsessions – technology. The Big Man recognizes that technology is the key to future prosperity:
“The next decade will be a crucial one in which new global growth drivers will take the place of old ones.”“A new round of revolution and transformation in science, technology and industries featuring artificial intelligence, big data, quantum information and bio-technology are gaining momentum.”“They are giving birth to a large number of new industries and business forms and models and will fundamentally change global development and people's work and lives.”“We must seize this important opportunity to enable emerging markets and developing countries to achieve leapfrog development.”
Get smart: Talk like this is nothing new for Xi. He has been harping on the need for China to innovate for a while.
What it means: Look for continued government support for companies that are seen to be contributing to technological advancement – including foreign companies.