Rather than welcoming improved access to Nvidia chips, Chinese officials are discouraging purchases and focusing on boosting domestic chip output. This dovetails with a wider AI+ plan, fleshed out this week, which involves increased fiscal incentives for AI capex and AI deployment. If the plan’s ambitious diffusion goals are anything to go by, we could be in the early stages of an AI boom in China.
Geopolitics are likely to dominate the headlines next week, with Xi, Putin and Modi set to meet in Tianjin and a host of EM leaders descending on Beijing for China's WWII Victory Parade. We'll be hosting in-person events in Asia to discuss how geopolitical shifts are shaping the global economic outlook. Register here: Singapore, Hong Kong
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