China Prepares $295 Billion Plan to Fund Nationwide AI Infrastructure Buildout

中国准备2950亿美元计划资助全国AI基础设施建设

China plans to invest about 2 trillion yuan, or $295 billion, over five years to build nationwide data centers, with funding covering large-scale data center infrastructure for domestic AI development.

Why it matters: Bloomberg reports China is preparing a five-year RMB 2T AI data-center plan, clearing HKR-H/K/R. This is national compute supply and geopolitical competition news, not routine policy; the preparation status keeps it at 90.