Why deeper China ties matter as Europe seeks to power its AI ambitions beyond America

Christian Noyer, a founding vice-president of the European Central Bank, said Europe should deepen ties with China to finance AI and green industries and reduce dependence on US technology. Noyer argued that Chinese capital and partnerships are essential for Europe to achieve strategic autonomy as it revamps capital markets.

ExclusiveWhy deeper China ties matter as Europe seeks to power its AI ambitions beyond America Euro architect Christian Noyer says Chinese capital can help Europe build AI, green industries and strategic autonomy as it revamps markets Chinese investment https://www.scmp.com/business/china-business/article/3356778/chinas-biotech-industry-sees-global-expansion-unstoppable-despite-us-pressure?module=inline&pgtype=article and deepen industrial partnerships with China as it seeks to reduce its dependence on US technology and finance the industries of the future, according to one of the architects of the euro. Christian Noyer, a founding vice-president of the European Central Bank, former governor of the Bank of France and lead author of a landmark proposal to integrate the continent’s capital markets, said Europe should remain open to Chinese investment as it sought greater economic independence. “We cannot rely entirely on America,” said Noyer – referring to Europe’s urgent need to develop its own artificial intelligence and technology infrastructure – in an interview with the South China Morning Post on Tuesday. European markets https://www.scmp.com/economy/china-economy/article/3353994/chinas-firms-have-glaring-weakness-they-face-barrage-eu-probes?module=inline&pgtype=article after Brexit. His comments came as Europe navigates an increasingly difficult position between the world’s two largest economies. advanced technologies https://www.scmp.com/tech/tech-war/article/3356788/china-races-against-us-ais-holy-grail-self-improving-tech?module=inline&pgtype=article and sought to limit China’s access to components critical for AI development.