TITLE:
SOEs in China and AI Development: Legal Constraints for Foreign Investments towards China’s Digital Transformation
AUTHORS:
Bolor-Erdene Munkhsaikhan
KEYWORDS:
Artificial Intelligence (AI), Digital Economy, Fintech, Foreign Investment, State Owned Enterprises, China
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.12 No.12,
December
13,
2024
ABSTRACT: While developments and applications of artificial intelligence (AI) are observed in various countries, few have demonstrated the determination and rapid growth like China has shown over recent years. Foreign investors seeking to benefit from the developments in China’s AI sector are required to comply with various laws and regulations. It follows the methodology of a comparative legal analysis and policy evaluation to identify the major factors impeding or facilitating foreign investments in China’s AI market. The purpose of this article is to identify the major factors impeding or facilitating foreign investments in China’s AI market, the role of the state-owned enterprises (SOEs) in either inducing or acting as an obstacle to foreign investments and the regulatory environment within which investment in the developing AI and other digital technology markets in China is conducted.