Commissioner Mariya Gabriel delivering a keynote speech on “Masters of Digital 2018” at the Digital Day 2018
“It is very positive that the EU starts investing in artificial intelligence and other services such as block-chain technologies, but it is important that this strategy includes greater cooperation with China. ” It is the message of Luigi Gambardella, President of ChinaEU, on the sidelines of Digital Day 2018 where the EU Commission has announced a series of new digital initiatives, from e-health to 5G ‘highways’.
Just few days ago, China has announced a fund with one-billion euros to invest in block-chain technology research, far from initiatives with much fewer funds moving across Europe. And this is only one of numerous initiatives launched by Beijing on digital in recent months, with important progress also achieved for example in the e-health sector. Not to mention the potential impact of a Chinese market of over one billion people.
Vice-President Andrus Ansip addressing the opening of the Digital Day 2018
Hence the warning from the president of ChinaEU: “if we want to be more effective we need an EU cooperation strategy with China and the Chinese industry. Companies from both regions could benefit from it”.