Recently, President of YRIC, former President of China Merchant Bank Mr. Ma Weihua said that although China has a big overall economic volume, but has a significant disadvantage in the innovation of science and technology and key equipments d. With the fourth industrial revolution with artificial intelligence, data, network as the representative will provide an opportunity for China to improve the quality of GDP.

President of YRIC Mr. Ma Weihua

President of YRIC Mr. Ma Weihua introduced that the standards to measure  technology content of the global GDP have three aspects: first is the proportion of research fees in GDP. President of YRIC Mr. Ma Weihua said: “At the end of the "Twelfth Five Year Plan" that index of China is 2.1% and will reach 2.5% by 2020, while that of Israel has reached more than 5.4%, and that index of Shenzhen in China is close to the level of Israel; second is the conversion rate of scientific and technological achievements. At present, China's conversion rate is 40% - 30%, while the world's has reached 80%; third is the contribution rate of technological progress to GDP. In this regard, China is less than 50%,very far from 90% of israel.

President of YRIC Mr. Ma Weihua said that the technical content of China's GDP still has a big gap compared to the developed countries. China needs to improve the quality of GDP through scientific and technological innovation, and strengthen the competitiveness of manufacturing industry. The fourth industrial revolution represented by artificial intelligence, data and network will provide the opportunity for china.