Xi’s Surprise Visit Supercharges China’s AI Sector
Presidential Backing Sparks AI Rally
Chinese artificial intelligence stocks surged after President Xi Jinping made a high-profile visit to a top AI-tech incubator in Shanghai. The visit was widely interpreted as a signal of government commitment to expanding the country’s AI capabilities amid competition with the U.S. Shares of major AI players such as iFlytek, SenseTime, and Inspur Information saw strong gains in trading. Investors viewed Xi’s appearance as a green light for sustained policy support targeting innovation and next-gen technology development.
Beijing Bets Big on Innovation Economy
Xi’s visit focused on East China’s Zhangjiang Science City, home to emerging tech firms and national AI research projects. This move aligns with China’s broader strategy to reduce its reliance on foreign technology and position itself as a global AI superpower. The Chinese government has previously unveiled multi-billion-dollar incentives to fuel AI, chipmaking, and quantum computing initiatives. Analysts say the political endorsement will likely turbocharge private-sector investment and accelerate tech commercialization in key areas like computer vision and generative AI.