(Yicai) Oct. 16 -- A number of global business leaders have expressed optimism about the opportunities for China's emerging industries at the High-Level Dialogue between global business leaders and Chinese entrepreneurs organized on the eve of the 35th International Business Leaders Advisory Council in Shanghai.

The rise of the digital economy and intelligent industries brought humanity into a new commercial era, said Wang Hong, president and professor at the China Europe International Business School. With shopping, payment, supply chain, and logistics undergoing tremendous changes, the business model has gradually evolved to online supermarkets and large e-commerce platforms from traditional retail, creating new business opportunities, Wang noted.

The new technological revolution, particularly in areas such as biopharmaceuticals, intelligent engineering, and green low-carbon, has injected new vitality into the Chinese and global economies, Wang pointed out, adding that the business opportunities in China's digital economy are worth studying by both companies and capital markets.

In recent years, China has made great progress in the field of healthcare, with Chinese firms increasing their market share and providing new solutions, said Severin Schwan, chairman of the board of directors of Swiss multinational healthcare company Roche Holding.

China's biomedicine industry is at a turning point and is likely to come to the fore in innovation fields, Schwan added, noting that Roche is cooperating with startups and setting up incubators to promote the development of innovative solutions.

Global data accumulation is needed to build the perfect artificial intelligence large language model, according to Xu Bing, co-founder of leading Chinese AI intelligence software developer SenseTime Group. Xu also called for extensive cooperation and discussion on how to adjust AI values worldwide.

Held since 1989, the IBLAC discusses one or two outstanding issues in Shanghai's economic development every year. It has 43 members from 15 countries.

Editor: Futura Costaglione