Photo taken on May 16, 2019 shows the venue of the third World Intelligence Congress in Tianjin, China.

President Xi Jinping sent a congratulatory letter to the Third World Intelligence Congress, which opened in northern China’s Tianjin municipality Thursday.

In the letter, Xi expressed his sincere welcome to renowned international entrepreneurs, industry leaders and Turing Award winners who attended the congress.

China attaches great importance to innovative development, and it considers new generation artificial intelligence as the driving force for scientific and technological development, industrial optimization and upgrading as well as major productivity improvements while it strives to achieve high-quality development, President Xi Jinping said.

Noting that artificial intelligence (AI) is casting significant and far-reaching impacts on economic development, social progress and global governance, Xi said China attaches high importance to innovative development and takes new-generation AI as the driving force for scientific and technological development, industrial optimization and upgrading, as well as increasing productivity, striving to achieve high-quality development.

Having read out Xi’s letter at the opening ceremony, Li Hongzhong, secretary of the Tianjin Municipal Committee of the Communist Party of China, said Tianjin would embrace a new era of intelligence, create a new intelligence-based economy, step up AI cooperation with other countries and speed up the building of an “intelligent Tianjin”.

Minister of Science and Technology Wang Zhigang said China is drafting regulations and standards for regulating AI and will publish them soon.

“In particular, we need to strengthen international cooperation in AI governance including laws and regulations, ethical norms and international rules,” Wang said.

The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI industries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.

The congress will last until Sunday.