cyberspace Photo:VCG
The recently concluded two sessions have set a vibrant tone of optimism.
Under the decisive leadership of President Xi Jinping, China is confidently stepping into a phase of high-quality development, innovation-driven growth and comprehensive modernization.
For emerging markets such as Turkey, these developments represent an opportunity to deepen cooperation, stimulate mutual growth and advance shared technological progress.
Particularly noteworthy from this year's two sessions is China's strategic commitment to developing "new quality productive forces," emphasizing advancements in artificial intelligence (AI), quantum computing and green technologies. This approach strongly resonates with my experience facilitating technology diplomacy among emerging economies and highlights China's role as a global leader in science and technology innovation.
China's proactive implementation of AI Plus initiative - supporting the extensive application of large-scale AI models and to vigorously develop new-generation intelligent terminals and smart manufacturing equipment, including intelligent connected new-energy vehicles, AI-enabled phones and computers, and intelligent robots.
China recently announced a $138 billion national venture capital guidance fund dedicated to nurturing technology companies, demonstrating its level of commitment and determination to support unicorns, gazelle enterprises and future technological champions through patient and visionary investment.
The recently announced technology venture fund offers significant potential for enhancing China's engagement with emerging markets.
This fund surpasses the scale of leading global funds, providing China's technology sector with patient, long-term capital critical for developing unicorns, gazelle companies, and future technology champions.
As such, it can extend its investments beyond China. By fostering joint investments abroad, collaborative ventures and technology transfers, it can effectively integrate Chinese technological leadership with the innovation ecosystems in these economies, creating a mutually beneficial situation. Such cooperation will highlight China's commitment to inclusive global development and mutual benefit.
From Turkey's perspective, China's renewed focus on technological innovation presents significant opportunities.
Turkey is strategically situated at the crossroads between the European Union (with which it has the Customs Union), the Middle East, Central Asia and Africa. This allows Turkey to position itself as a regional hub for fintech, e-commerce and digital services. The synergy between China's advanced technological goals and Turkey's aspiration to connect diverse digital ecosystems in these areas is highly complementary.
When I spoke at the World Internet Conference in Wuzhen, Zhejiang Province, in November 2024, I witnessed firsthand China's flexible regulatory approach, characterized by agile and iterative policymaking.
Unlike the rigid, prescriptive regulatory frameworks often found elsewhere, China's governance model in the digital economy offers a highly effective blueprint for emerging markets.
Countries like Turkey can significantly benefit from adopting similar pragmatic frameworks, drawing from China's successful practice of combining technological innovation with balanced governance.
This year's two sessions mark a significant milestone for China.
The messages conveyed in these sessions highlight China's global leadership in high-quality development and reinforce its positive impact on global stability and development through technological advancements and regulatory models.
This also signals to emerging markets worldwide the importance of embracing innovative technologies, along with balanced and adaptable regulatory frameworks, and fostering inclusive growth.
The author is a managing partner at the Turkey-based public affairs company Ussal Consultancy. Between 2016-2018, he was the director GE (General Electric) Istanbul Innovation Center. opinion@globaltimes.com.cn
