China’s National Development and Reform Commission (NDRC) has identified five priority areas for the AI industry under the 15th Five-Year Plan. The plan focuses on stronger R&D in AI models, computing power and data, along with expanded basic research and more original innovation.
Wang Ruomeng, deputy director of the Department of Innovation and High Technology Development, said China’s AI-related industry exceeded CNY1 trillion last year and is preliminarily expected to grow by more than 30% this year. He also said AI smartphone and AI PC shipments topped 100 million units last year and are expected to keep growing rapidly.
China’s Ministry of Industry and Information Technology (MIIT) said AI application penetration among above-scale industrial firms has surpassed 30%. The ministry expects humanoid robot production to exceed 100,000 units in 2026 and said humanoid robots are beginning to enter factories and workshops.
Omdia’s AMFT Q2 2026 China report forecasts China’s semiconductor market will grow 92.9% YoY to $812.1 billion in 2026, up from its previous forecast of $546.5 billion. It also raised its 2026 China memory market outlook to 262.9% growth, taking the market size to $449.6 billion.
Wang Ruomeng said AI model sales are likely to exceed non-AI model sales for the first time this year. He added that AI-native office agents now receive more than 20 million monthly visits, while daily token calls have reached hundreds of trillions, rising sharply year over year.
CMB International Securities said Tencent (00700.HK) has launched the Hunyuan Hy3 large model with 21B active parameters, lowering computing costs compared with similar flagship models. API input pricing has been reduced to 1 yuan, while internal WorkBuddy data show token usage is 47–49% lower than GLM-5.2. CMBI maintained its overweight rating and HK$632 target price for Tencent.
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