23:36 - 9.06.2026
June 9, Fineko/abc.az. China is drafting an ambitious blueprint to invest approximately 2 trillion yuan (USD 295 billion) over the next five years to build a nationwide network of interconnected data centers.
ABC.AZ reports, citing Bloomberg, that the initiative led by the National Development and Reform Commission (NDRC) aims to accelerate China's domestic artificial intelligence (AI) ecosystem and counter US tech dominance.
Key Structural Highlights:
Squeezing Out US Chips: The strategic plan mandates that at least 80% of the underlying technology, including critical AI chips, must be sourced from domestic suppliers like Huawei, effectively cutting off US giants Nvidia and AMD from the local market.
State-Backed Operations: Major state-owned telecom operators, including China Mobile and China Telecom, are designated to run and link the bulk of these computing hubs by 2028.
Funding Mechanism: The multi-billion dollar program will be heavily funded through sovereign debt, relying primarily on ultra-long-term special government bonds (maturing over 10 years) alongside state-backed industry funds.
Broader Economic Scale: This public budget excludes independent capital expenditures from private entities like Alibaba and Tencent. If the national power grid integration is factored in, the total investment layout could scale up to 5 trillion yuan.
