WORLD Business, tech communities seek more US-China collaboration


Business, tech communities seek more US-China collaboration


02:12, October 08, 2018


Stanford University in Stanford, California. (Photo: File)

SAN FRANCISCO (Xinhua) -- Entrepreneurs, investors and technology professionals from the United States and China gathered Saturday in Silicon Valley to explore topics like artificial intelligence, e-commerce, quantum computing and blockchain.

Hundreds of representatives from the technological and business communities attended the conference with the theme of "The Crossroad of Innovation and Globalization" hosted by Hua Yuan Science and Technology Association (HYSTA) at Stanford University in California.

"Entrepreneurs, investors and industry leaders in Silicon Valley and in China alike are seeking effective strategies for well-protected technology advancement in a collaborative global environment," said David Chen, chairman of HYSTA, a non-profit organization that aims for cross-border business collaboration between the United States and China.

"Cross-border partnerships between the US and China will help innovation drivers propel business expansion, increase industry influence and benefit from the building of a multi-cultural community," said Chen.

While the global markets continue to be tightly inter-connected, this year marks a "turning point" for US - China collaboration in technology and business, Chen said.

"Players on all levels of innovation are faced with new challenges that entail a dynamic manner of reflection leading to the reshaping of their roles," he said.

China has developed an advantage in certain areas because China "works very hard" and benefits from its large population as well as "very experienced and strong" leadership, said Ken Wilcox, former president of the Silicon Valley Bank, in a keynote speech at the conference.

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