Foreign Media: According to a Goldman Sachs report, facing slowing economic growth in the second quarter, China may accelerate the deployment of 800 billion yuan (approximately 117.94 billion USD) in "new policy-driven financial tools" to support high-tech development. This instrument provides quasi-fiscal funding support for strategic investments through policy banks, outside traditional credit channels offered by commercial banks.
The report argues that the ongoing technological competition between China and the U.S. necessitates larger-scale, longer-term financial support for high-tech industries over the medium to long term. Financing for high-tech manufacturing, including AI supply chains, remains primarily government-led, aiming to narrow the gap in capital expenditures on ultra-large-scale data centers between China and the U.S.
Original article: toutiao.com/article/1870608642409536/
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