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CGTN: How China speeds up AI development, advances high-quality Global South cooperation

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BEIJING, April 29, 2025 /CNW/ — CGTN published an article on Chinese President Xi Jinping’s inspection tour in east China’s Shanghai. Focusing on his visits to an AI incubator and the New Development Bank, the article stresses China’s efforts in developing the AI industry to foster tech innovation, and its willingness to strengthen project cooperation with the bank and focus on green, innovative and sustainable development to achieve more results.

An artificial intelligence ecosystem platform, dubbed an “AI supermarket,” made its debut in Shanghai in February, providing one-stop access to AI resources such as DeepSeek models, government-subsidized computing power and high-quality corpus.

The initiative marks the latest advancement by the Shanghai Foundation Model Innovation Center – a large model incubator home to over 100 enterprises.

Spanning over 60,000 square meters, the incubator provides developers with resources for ecosystem growth, including 18 support policies such as computing subsidies, fundraising networks and open data platforms.

Visiting the incubator on Tuesday as part of his inspection tour in Shanghai, Chinese President Xi Jinping called on the city to take the lead in AI development and governance, and accelerate the building of a highland of scientific and technological innovation with global influence.

The inspection trip came four days after China’s leadership convened a dedicated AI study session, where President Xi called for gaining a head start in this strategic sector.

Highland of tech innovation

Officially unveiled in 2023, the center stands as one of China’s first dedicated incubators and accelerators for large-scale AI models. It aims to fortify Shanghai’s pursuit of establishing a world-class, globally competitive AI industry cluster.

To solidify the foundation for resident enterprises, the center has established five major functional platforms on computing power dispatching, open data, evaluation service, financial service and comprehensive service, supporting companies in terms of text corpus and computer resources, investment funds and filing guidance.

Meanwhile, it also extends top-priority policy support to accelerate the world premieres of various small vertical scenario models across consumer, entertainment, finance, and other major application domains, expediting large model innovations’ integration into diverse industries.

“AI technology is evolving rapidly and entering a phase of explosive growth,” Xi said, urging the city to sum up successful experiences in incubating the AI industry, and take the lead in AI development and governance.

Within a single building, enterprises from across the foundation model industry chain converge, creating an ideal environment for collaboration. Companies choosing to establish themselves here include foundational technology providers, application developers, scene designers, computing power supporters, and product marketers.

In response to the rapid development of resident enterprises to meet the center’s need for more talents, Shanghai’s Xuhui District has unveiled a global recruitment plan for AI talent and launched the West Bund International Talent Hub to bring talents to enterprises.

The talent hub has also housed the Shanghai Emerging Industry Young Entrepreneurs Association, further supporting young entrepreneurial talents to pioneer innovation.

“AI is a nascent industry, and it’s also an industry that belongs to young people,” Xi said while joining a salon with young innovators, urging them to continue to show their talents and skills to advance Chinese modernization.

High-quality development of Global South

On the same day, President Xi also visited the New Development Bank (NDB) and met with Dilma Rousseff, president of the institution.

Noting that broader BRICS cooperation has entered a stage of high-quality development, he said the bank is set to embark on its second golden decade of high-quality development.

As a multilateral development bank founded by the BRICS nations, the NDB has approved over 100 projects in all member countries for approximately $35 billion by the end of 2023, safeguarding the economic development of member countries and contributing to the improvement of the global economic governance system.

From urban railway projects in India and green wind power projects in Brazil to highway projects in China, the bank, with its efficient and pragmatic cooperation model, has enriched the practice of South-South cooperation, setting an example for multilateral cooperation.

Calling the bank “a pioneering initiative for the unity and self-improvement of the Global South,” Xi called on the NDB to consider the development needs of the Global South, and provide more high-quality, low-cost and sustainable infrastructure financing.

Unilateralism and protectionism undermine the stability of industrial and supply chains, Rousseff stressed, adding that the bank will continue to contribute to the development of developing countries and emerging markets.

For more information, please click:

https://news.cgtn.com/news/2025-04-29/How-China-speeds-up-AI-development-advances-Global-South-cooperation-1CY5Xuxjp7O/p.html

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SOURCE CGTN

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Canton Fair Buyers Alliance Launched as the 140th Edition Opens

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GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On October 15, the Canton Fair Buyers Alliance was officially launched at the Canton Fair Complex, marking a significant milestone as the fair celebrates the 70th anniversary of its founding.

More than 140 overseas buyers attended the launch ceremony, highlighting the fair’s enduring role as a bridge connecting global commerce with China’s export sector.

Speaking at the ceremony, Luís Vilariça, CEO of Joinco, Import & Export, Ltd., discussed his company’s long-standing relationship with the Canton Fair. Drawing on years of participation, he reflected on the growth opportunities created through cooperation with Chinese suppliers and highlighted the fair’s role in supporting international business development and global trade exchanges.

The ceremony also featured a joint declaration by alliance members. Representatives from five member companies read the statement in their respective native languages, underscoring the international character of the new organization. Additional members sent video congratulatory messages, joining the celebration and witnessing the official launch of the alliance.

The Canton Fair Buyers Alliance represents one of the fair’s key service innovations. Designed primarily for Fortune Global 500 companies, buyers from the world’s top 250 retailers and leading sourcing enterprises across a diverse range of markets, the alliance aims to offer members a platform for information sharing and resource coordination. The first cohort of alliance members includes 58 companies from 32 countries and regions across 5 continents. Through the alliance, members will gain access to a range of priority benefits spanning four major areas: services, events, resources and information.

 For more convenient attendance, please click here for pre-registration:

https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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SOURCE Canton Fair

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Bioethanol from human hair – Indian start-up’s solution to rising prices of grains and sugar

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GUJARAT, India, Oct. 17, 2026 /PRNewswire/ — In what could be called the beginning of the 5G (fifth-generation) of bioethanol or non-cellulosic bioethanol or non-sugar-based biofuels, an Indian start-up, Techofest Global, based out of Gujarat, has developed its own, indigenous, and patented technology for the production of bioethanol from waste human hair. Such processes would significantly reduce the employment of sugars, grains, and agricultural residues, which form the classical first- and second-generation bioethanol feedstocks. As a result, the rising fuel-vs.-food/fodder debate is anticipated to reduce, and instead, ethanol produced from municipal/industrial waste, after trials, can supplement the current supply being used as blends with presently retailed fossil fuels (E20, E27, etc.). 

As stated by Dr. Ravi, the founder-CEO of Techofest Global, the strategic priority and the USP of the start-up is industrial symbiosis, which, typically, involves an ecosystem of up-cycling/valorising the effluents of an industry, thereby creating a value-chain for residues often lacking an end-of-life. With more than three decades of experience in designing customized nuclear fusion reactors for international programmes, such as ITER, JET/UKAEA and SST-1, Dr. Ravi, a seasoned mechanical engineer, spearheads the start-up’s patented technologies’ scale-up and commercialization.

Two biochemical engineers, Dr. Navnit – the former CTO, and Dr. Kabilan – the former CEO of Biomakerz, Chennai, are the brains behind the current technology/process portfolio of the joint-venture between Techofest Global and Biomakerz. They have been working on biorefineries’ process intensification for more than a decade. “Having foreseen the fuel-vs-fodder/food competition as early as the year 2015, we began developing techno-economically feasible and viable in-vitro metabolically-engineered bioprocesses for scaling-up ethanol production from municipal waste streams between 2019–2021”, says Navnit. After developing operational technologies for international biofuel organizations, serving process engineer roles with certain biorefineries-related OMC R&D’s of India, Dr. Navnit, presently works for a premier academic institution.

An on-going fermentation trial at the Techofest Global-Biomakerz JV’s R&D facility

Techofest Global has developed and tested, in its R&D JV’s pilot-facility of ~100-L, 3 innovative and cost-effective technologies, such as 5G ethanol production using human hair, used cooking oil (UCO), and enriched bio-methane production from disposed sanitary napkins.

“With massive CapEx and OpEx, 2G ethanol technology is facing a major commercialization bottleneck, owing to competition with food/livestock fodder, requirement of a cost-intensive pre-treatment procedure, and the requirement of cellulolytic cocktails, which have a poor recycle efficiency. The proprietary 5G SAFE process developed for the start-up circumvents the mentioned constraints, and instead, utilizes a single-stage saccharification followed by fermentation, and records over 85–90% biocatalyst recovery. Likewise, the proprietary SIM process for bio-methane production, exclusively developed for the start-up, is 2x faster with improved intermittent feeding cycles and continuous gas harvest”, says Navnit.

“With on-going pre-commercialization trials, the proprietary ethanol and bio-methane processes of ours are soon being commercialized”, says Ms. Bhumika, the co-founder and the corporate advisor of the start-up. Furthermore, Mr. Ronak pilots the organization’s global market entry and commercialization frontier.

Techofest Global’s veteran Principal Technology Advisors include: Dr VS Tripathi, former Joint Director, DRDE Gwalior, Dr B S Munjal, former Director, Structures and Thermal group, SAC/ISRO, Academician and Advisor CIKS-Dharohar, GTU, and Dr AV Santhanababu, former Scientist at Satish Dhawan Space Centre. With on-going R&D activities, Dr. Munjal says, “the start-up is striving to provide a unique solution along the lines of the Atmanirbhar and Viksit Bharat Vision 2047”.

Media Contact: www.techofestglobal.com; e-mail: info@techofestglobal.com; contact person: The PR team of Techofest Global.

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As AI Speeds Up Marketing, Louisville’s RedTag Bets on Strategy

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Independent agency unveils new brand and website, and co-hosts Louisville’s PROOF AI Workshop

LOUISVILLE, Ky., Oct. 17, 2026 /PRNewswire/ — RedTag, an independent Louisville-based marketing agency, this month unveiled new positioning, marking its evolution from a digital performance agency into a strategy-first marketing partner. The move comes as AI makes execution faster than ever, and RedTag is betting that strategy, not speed, is what will set businesses apart. Clients can now choose from outcome-based programs that best fit their marketing needs. 

“Clients don’t come to us needing more tactics. They come to us needing a path,” said Russ Renbarger, founder and CEO of RedTag. “Our new brand says out loud what our work has shown for years: We start with strategy and build everything on that foundation.”

RedTag built its reputation on high-performing paid digital campaigns. Over the years, the agency expanded into strategy, creative, video production and website development, giving clients one partner for the full scope of their marketing. Most recently, a team of automation specialists has integrated AI across the agency to speed up production and analysis, guided by an internal AI policy that keeps people accountable for quality. The time AI saves goes back into strategy: knowing what to say, who to say it to and why.

“Our best client relationships have always been partnerships, where we’re in the room when the big decisions get made,” said Alison Conway, chief client officer at RedTag. “This evolution is about bringing that strategic partnership to every client.”

On Oct. 14, RedTag co-hosted the PROOF AI Workshop with Slingshot, Vsimple and Advanced Business Solutions. The hands-on event gave Louisville business leaders practical experience applying AI to their own work. RedTag led the event’s AI in Marketing and Branding track, with four sessions ranging from AI search optimization to a playbook for adopting AI across an organization.

“AI can produce hundreds of ads in an afternoon, but it can’t tell you which one your brand actually needs and why,” Renbarger said. “The faster the tools get, the more valuable human-led strategy becomes.”

RedTag was named the agency of record for the Commonwealth of Kentucky in 2025. Its client list includes PGA of America, Castle & Key Distillery, Bourbon Barrel Foods, ShopCaterpillar and American Beverage Marketers. Since 2023, RedTag’s work has received two Emmy Awards and more than 35 ADDY and AIGA awards. The agency is a four-time Louisville Business First Fast 50 honoree and was named one of the 2026 Best Places to Work in Kentucky.

To learn more about its outcome-based programs, visit RedTag Programs

About RedTag

RedTag is an independent, strategy-first marketing agency based in Louisville, Kentucky. Established in 2008, the agency starts every engagement by understanding the goal before recommending tactics. With a foundation rooted in discovery, RedTag delivers full-scale marketing campaigns built around each client’s business goals. RedTag serves organizations across hospitality, sports, agriculture, government, retail and consumer packaged goods. Learn more at redtag.agency.

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SOURCE RED TAG LLC

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