Artificial Intelligence Poised to Accelerate China’s Annual Growth Rate from 6.3 percent to 7.9 percent by 2035, Finds New Research from Accenture

DALIAN, China--(BUSINESS WIRE)--New research from Accenture (NYSE:ACN) reveals that artificial intelligence (AI) could accelerate China's economic growth rate from 6.3 percent to 7.9 percent by 2035, by transforming the nature of work and opening new sources of value and growth. The report, titled "How Artificial Intelligence Can Drive China's Growth," explores new insights into AI and its impact on China's economy. Based on analysis and modeling by Accenture Research, in collaboration with Frontier Economics, there is dramatic impact on China's growth when AI is added as a completely new factor of production to the economic growth model. "China has already made great leaps in the development of AI and our research shows that it has the potential to be a powerful remedy for slowing growth," said Chuan Neo Chong, Accenture Greater China Chairwoman. "However, as with any catalyst, it is important to remember the challenges and the risk of unintended consequences. Stakeholders must prepare themselves intellectually, technologically, politically, ethically and socially for the promise of AI."