China’s statistics bureau reports rapid growth in AI investment as Beijing bets big on industrial modernization
China's statistics bureau has reported significant growth in AI investment, with the market reaching approximately $64 billion in 2023. Government funding in the sector has totaled $184 billion since 2000, indicating a strong commitment to industrial modernization. Analysts predict that China's AI industry could grow to $140 billion by 2030, contributing positively to the country's GDP growth.
- ▪China's AI market revenue hit roughly RMB 467.8B, or about $64B, in 2023.
- ▪Total VC funding in China's AI sector came in at approximately $15.3B across 450 deals in 2023.
- ▪Morgan Stanley estimates that China's core AI industry could balloon to $140B by 2030.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18004915/ai-technology-drives-new-wave-of-industrial-revolution-in-ch-1-800x420.jpeg" alt="China’s statistics bureau reports rapid growth in AI investment as Beijing bets big on industrial modernization" class="w-full aspect-[19/10] object-cover" /> China’s statistics bureau reports rapid growth in AI investment as Beijing bets big on industrial modernization Beijing's AI spending spree is accelerating, with the core market hitting $64 billion in 2023 and government funds pouring $184 billion into the sector since 2000. Share Add us on Google by Editorial Team May. 18, 2026 China’s AI market revenue hit roughly RMB 467.8B, or about $64B, in 2023. That marked a 12% year-over-year increase.
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