China ramps up building a national computing power network as AI token demand surges

South China Morning Post - May 17, 2026

China is stepping up construction of a “national computing network”, aiming to turn artificial intelligence infrastructure into a public utility as token usage surges and telecoms operators seek new growth engines beyond mobile data and phone bills. The push was highlighted by national broadcaster China Central Television and state-backed Xinhua news agency, which described the network as a “computing version of the state grid”. The reports likened tokens – the basic units of text, code and...

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CXMT shares fall 7.8% despite blockbuster earnings figures

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Chinese memory chip giant ChangXin Memory Technologies (CXMT) saw its shares fall more than 8 per cent in early Monday trading, despite forecasts of strong profits and plans for a share buy-back amid a global sector-wide market rout. CXMT shares dropped 7.8 per cent on Monday to close at 41.52 yuan. The company’s stock surged to a peak of 61.8 yuan in August – up as much as 614 per cent from its initial public offering price of 8.66 yuan in July – before paring back gains. The market reaction...

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The AI promise was automation. The reality? Managing digital workers

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China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed AI tech export bans may create short-term costs, long-term gains: analysts

China’s proposed export bans and controls of artificial intelligence technologies aim to tighten Beijing’s grip in the strategically vital sector, casting a cloud over the commercial prospects of domestic model developers in the global AI race, analysts say. The new measures come as concerns mount globally over the risks of advanced AI systems, following a string of recent cyberattacks, while also underscoring AI’s growing national security importance for both Beijing and Washington. Zhang Yi,...

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