Market Chatter: China Earmarks 2 Trillion Yuan in Nationwide AI Push

MT Newswires Live06-09

The Chinese government is set to spend 2 trillion yuan over the next five years to build artificial intelligence data centers, Bloomberg reported Tuesday, citing people familiar with the matter.

The National Development and Reform Commission will set up interconnected hubs across China, while state-owned telcos China Mobile (HKG:0941, SHA:600941) and China Telecom (HKG:0728, SHA:601728) will operate the data centers, according to Bloomberg.

China will then get its AI chips from local suppliers such as Huawei, according to Bloomberg.

The plan is seen to be China's most aggressive effort for AI aimed at surpassing U.S. technology, according to the newswire.

National Development and Reform Commission, China Mobile and China Telecom did not immediately respond to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2642464036?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-09 19:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2642464036","market":"nz","top_or_hot":-1,"title":"Market Chatter: China Earmarks 2 Trillion Yuan in Nationwide AI Push","media":"MT Newswires Live","content":"<html><body><p> The Chinese government is set to spend 2 trillion yuan over the next five years to build artificial intelligence data centers, Bloomberg reported Tuesday, citing people familiar with the matter.</p><p>The National Development and Reform Commission will set up interconnected hubs across China, while state-owned telcos <a href=\"https://laohu8.com/S/600941\">China Mobile</a> (HKG:0941, SHA:600941) and <a href=\"https://laohu8.com/S/601728\">China Telecom</a> (HKG:0728, SHA:601728) will operate the data centers, according to Bloomberg.</p><p>China will then get its AI chips from local suppliers such as Huawei, according to Bloomberg.</p><p>The plan is seen to be China's most aggressive effort for AI aimed at surpassing U.S. technology, according to the newswire.</p><p>National Development and Reform Commission, China Mobile and <a href=\"https://laohu8.com/S/00728\">China Telecom</a> did not immediately respond to MT Newswires' request for comments.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: China Earmarks 2 Trillion Yuan in Nationwide AI Push</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: China Earmarks 2 Trillion Yuan in Nationwide AI Push\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-09 19:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> The Chinese government is set to spend 2 trillion yuan over the next five years to build artificial intelligence data centers, Bloomberg reported Tuesday, citing people familiar with the matter.</p><p>The National Development and Reform Commission will set up interconnected hubs across China, while state-owned telcos <a href=\"https://laohu8.com/S/600941\">China Mobile</a> (HKG:0941, SHA:600941) and <a href=\"https://laohu8.com/S/601728\">China Telecom</a> (HKG:0728, SHA:601728) will operate the data centers, according to Bloomberg.</p><p>China will then get its AI chips from local suppliers such as Huawei, according to Bloomberg.</p><p>The plan is seen to be China's most aggressive effort for AI aimed at surpassing U.S. technology, according to the newswire.</p><p>National Development and Reform Commission, China Mobile and <a href=\"https://laohu8.com/S/00728\">China Telecom</a> did not immediately respond to MT Newswires' request for comments.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1226288170.HKD","symbol_name":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P6%\"(HK D) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2642464036","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642464036","pubTimestamp":1781003695,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"The Chinese government is set to spend 2 trillion yuan over the next five years to build artificial intelligence data centers, Bloomberg reported Tuesday, citing people familiar with the matter.The National Development and Reform Commission will set up interconnected hubs across China, while state-owned telcos China Mobile  and China Telecom  will operate the data centers, according to Bloomberg.China will then get its AI chips from local suppliers such as Huawei, according to Bloomberg.The plan is seen to be China's most aggressive effort for AI aimed at surpassing U.S. technology, according to the newswire.National Development and Reform Commission, China Mobile and China Telecom did not immediately respond to MT Newswires' request for comments.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80883":"中国海洋石油-R","600941":"中国移动","601728":"中国电信","LU1226288170.HKD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P6%\"(HK D) INC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU1226287875.USD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"PM\" (USD) INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","HK0000288784.HKD":"VALUE PARTNERS HIGH-DIVIDEND STOCKS \"A2\" (HKDHDG) INC","BK1521":"挪威政府全球养老基金持仓","BK0261":"媒体","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU1226288253.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION  OPPORTUNITY (USD) \"P\" (USD) INC","AGIX":"通用人工智能 ETF-AGIX","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","BK1133":"综合电信业务","LU1951186391.HKD":"UBS (LUX) KEY SEL CHINA ALLOCATION OPPORTUNITY (US \"P\" (HKD) INC","HK0000352382.USD":"VALUE PARTNERS ASIAN INCOME \"A\" (USD) INC","HK0000286598.CNH":"中银保诚中国价值基金 A","BK1536":"电信股","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","LU1993786604.SGD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (SGD) ACC","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","ARTY":"ISHARES FUTURE AI & TECH ETF","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK1610":"ETF&股票定投概念","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","HK0000252152.HKD":"易方达 (香港) 中国股票股息基金A 类 (累积) 港元","AIPO":"Defiance AI and Power Infrastructure ETF","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","00728":"中国电信","BK1152":"无线电信业务","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","HK0000500386.USD":"易方达 (香港) 中国股票股息基金A 类 (累积) 美元","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","00941":"中国移动"},"translate_title":"市场热议：中国专项2万亿元在全国范围内推进人工智能","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80883":0.6,"600941":0.9,"601728":0.9,"AIPO":1.5,"CHAT":1.5,"ARTY":1.5,"00728":0.9,"00941":0.9,"AGIX":1.5},"content_text":"The Chinese government is set to spend 2 trillion yuan over the next five years to build artificial intelligence data centers, Bloomberg reported Tuesday, citing people familiar with the matter.The National Development and Reform Commission will set up interconnected hubs across China, while state-owned telcos China Mobile (HKG:0941, SHA:600941) and China Telecom (HKG:0728, SHA:601728) will operate the data centers, according to Bloomberg.China will then get its AI chips from local suppliers such as Huawei, according to Bloomberg.The plan is seen to be China's most aggressive effort for AI aimed at surpassing U.S. technology, according to the newswire.National Development and Reform Commission, China Mobile and China Telecom did not immediately respond to MT Newswires' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2642464036","isCrawlerRequest":true}