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FATF’s Positive Report Card for Singapore “Currently, geopolitical complexities are deeply affecting supply chain security and the sharing of technological achievements,” Tsai said in a speech on Sunday at the China Development Forum 2026 in Beijing. “In this era and environment of uncertainty, China’s technology sector is both willing and capable of providing certainty.”
Over the past decade, China had continuously increased investment in power transmission, with annual spending in recent years averaging US$90 billion – the highest in the world – leading to newly installed power generation capacity last year that was 10 times that of the US, he said.
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“In the AI industry, which is extremely energy-intensive, such massive investment has directly translated into advantages in ample supply and [low] cost, forming a solid foundation for us,” Tsai said.
The ultimate goal of developing AI was not to build the most cutting-edge models but to proliferate its application to benefit society, he said.
Tsai said open-source models had enabled China’s AI sector to break down barriers, “ensuring that AI is no longer the privilege of a few giants”. He added that widespread adoption would “drive shared global economic growth and improvements in living standards, achieving a win-win outcome”.
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