China reconfigures its technology around exports, investment and consumption as pistons of its economic engine
The country is now poised to place big bets on technology. In late February, Beijing’s Haidian District – known as China’s Silicon Valley – pledged over 9 billion yuan ($1.3 billion) for industrial innovation this year. Leading AI model firm Zhipu AI and chip designer Moore Threads have been early bets for the district government – prime examples of China’s strategy to back up hard tech for the long haul.