China’s southern tech hub of Shenzhen plans to “fully compete” in emerging sectors such as artificial intelligence, announcing 160 billion yuan (US$22.07 billion) in “new-type infrastructure” investment for the year as it called on the city to embrace challenges like a “seabird braving the storm.” When delivering the city’s work report on Tuesday, Shenzhen Mayor…
Fitch Ratings believes Chinese startup DeepSeek’s AI model could moderate the rapid pace of AI infrastructure investment, reducing the risk of overcapacity in the sector. While this may slow outsized revenue growth for AI chipmakers, it could result in a more measured and sustainable investment cycle. Tech stocks tumbled Monday after DeepSeek unveiled its R1…
Necessary upgrades to China’s ageing urban infrastructure could see China spend upwards of 4 trillion yuan (US$551 billion) over the next five years, while technology-focused projects such as data centres and AI-related advancements are among the future-facing industries that also hold immense potential for increased investment funds, according to the country’s top economic planner. As…
China urgently needs a fiscal policy package to fully boost market confidence following stimulus measures announced last week, a former central bank adviser has urged. “I think the ball is now in the Ministry of Finance’s court. We hope to see new actions from them,” outspoken economist Yu Yongding told a forum in Beijing on…