He Lifeng, China’s vice premier, called for increased financing of artificial intelligence and computing infrastructure during a tour of Shanxi Province on November 1-2, 2026. He urged the coordinated development of computing power and electricity, together with the expansion of computing networks. China’s intelligent computing capacity stood at 2,185 EFLOPS as of June 30, 2026, and is projected to reach approximately 9,800 EFLOPS by 2030, more than four times the current level. His remarks, made after the Fifth Plenary Session of the Communist Party of China’s Central Committee, form part of preparations for the 15th Five-Year Plan, which seeks to boost domestic production and technological self-reliance. He Lifeng, who has served as vice premier since March 2023 and is closely connected to President Xi Jinping, framed the investments as essential to economic growth and industrial upgrading.
Source: Read the original article
