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Market Chatter: China Finalizing 2 Trillion Yuan Plan to Build AI Data Centers

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The Chinese government is finalizing plans to invest 2 trillion yuan for the construction of AI data centers across the country over the next five years, Bloomberg reported Tuesday, citing people familiar with the matter.

The plan could see China Mobile (HKG:0941, SHA:600941) and China Telecom (HKG:0728, SHA:601728) operate the network of inter-connected computing hubs across the country, the report said.

The blueprint also calls on the supply of 80% of technology for the data centers from local vendors, including Huawei Technologies.

(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.)

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