China’s artificial intelligence (AI) industry surpassed RMB 900 billion (US$124 billion) in 2024, marking a 24% year-on-year increase, according to new data from the China Academy of Information and Communications Technology (CAICT). As of September 2025, China is home to more than 5,300 AI companies—around 15% of the global total—forming a complete industrial chain spanning [……
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