Reuters
09 Jun 2026, 09:24 UTC · 1h ago
China prepares $295 billion plan to fund nationwide AI buildout, Bloomberg News reports
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Reuters
09 Jun 2026, 09:24 UTC · 1h ago
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Story key points
2 claims · impact-rated
China plans to spend approximately 2 trillion yuan ($295.43 billion) on data center construction over the next five years. — Massive state-led capital expenditure directly benefits hardware providers, energy infrastructure, and AI chip companies.
+0.80Beijing is explicitly targeting the U.S. in an intensifying AI race through this infrastructure build-out. — Signals a strategic commitment to AI sovereignty, likely increasing government subsidies and domestic demand for AI technology.
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