China's AI Boom: 100+ DeepSeek-Level Breakthroughs Expected in 18 Months
2025-06-24
Zhu Min, a former deputy governor of the People's Bank of China, predicts a wave of AI innovation in China, with over 100 DeepSeek-like breakthroughs expected in the next 18 months. This is fueled by China's vast pool of engineers, massive consumer base, and supportive government policies. Despite intensifying US-China tech rivalry and US restrictions on Chinese access to advanced technology, China is relying on domestic giants like Huawei for advanced chipmaking. DeepSeek's emergence boosted Chinese tech stocks, but challenges remain, including trade tensions with the US and insufficient consumption. Experts suggest prioritizing domestic circulation and decisive policy action to stimulate growth.