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China’s AI Spending Lags U.S., Threatening Economic Gap

6/13/2026

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Summary

Story summary

Lu Ting, China chief economist, warned AI is not boosting China’s economy as much as in the United States, where it drives half of activity.
He said China’s AI investment exceeds one trillion yuan (US$147.82 billion) while trailing U.S. AI spending, which has grown at four times consumer-spending pace.
He warned China lacks bulk chip purchases and capital-market support that let firms like OpenAI raise money, risking a economic split.

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Story summary

Lu Ting, China chief economist, warned AI is not boosting China’s economy as much as in the United States, where it drives half of activity.
He said China’s AI investment exceeds one trillion yuan (US$147.82 billion) while trailing U.S. AI spending, which has grown at four times consumer-spending pace.
He warned China lacks bulk chip purchases and capital-market support that let firms like OpenAI raise money, risking a economic split.