China is preparing a massive national investment program aimed at accelerating its AI ambitions, with plans to spend approximately 2 trillion yuan ($295 billion) over the next five years on data center development and computing infrastructure. According to a Bloomberg report citing people familiar with the matter, the country’s top economic planning agencies, including the National Development and Reform Commission (NDRC), are drafting a blueprint to create a nationwide network of interconnected computing hubs. The initiative forms part of Beijing’s broader strategy to strengthen domestic AI capabilities and reduce reliance on foreign technology providers. The proposed investment would rank among the largest government-backed AI infrastructure programs globally and reflects China’s determination to compete with the United States in the race for AI leadership.