China Said to Be Preparing $295 Billion National AI Buildout Plan

Bloomberg News reported on June 9, 2026, citing multiple people familiar with the matter, that China is preparing a nationwide AI data center buildout plan worth roughly 2 trillion yuan (about $295 billion) over the next five years, as reported. The National Development and Reform Commission (NDRC) and others are said to be drafting a blueprint for interconnected computing hubs across the country. This is not an official announcement but reporting based on internal information at the planning stage, and outlets including Reuters quickly cited it the same day.