China plans $295bn data centre build-out for AI

China plans $295bn over five years for nationwide data centre build-out to support its AI sector with more than 6,200 companies and a $174bn 2025 industry value. Funds include integration with power grid to reduce reliance on Nvidia and AMD. Private AI investment reached $12.4bn in 2025. DeepSeek nears $7.4bn raise with Tencent and Contemporary Amperex.