Key Facts

• President Xi emphasized the need for party leaders to improve their understanding of science and technology.
• China wants to grow industries in AI, quantum technology, biomanufacturing, hydrogen, nuclear fusion, brain-computer interfaces, and 6G networks.
• The government has spent decades and trillions of dollars to make China a global manufacturing leader.
• Chinese companies like BYD benefit from loans, tax breaks, and strong supply chains to compete worldwide.
• BYD became the top electric vehicle seller globally in 2025, surpassing Tesla.
• The U.S. bans Chinese electric vehicles, and the EU plans price controls on them.
• China is building new power grids to support long-term AI research and infrastructure.
• China received 52% of $108 billion in global industrial subsidies in 2024, the highest share reported by the OECD.
• Subsidies are financial supports from the government like grants, tax breaks, or cheap loans to help companies grow.
• AI (artificial intelligence) means computer systems that can perform tasks normally requiring human intelligence.
• Quantum technology relates to using the principles of quantum physics for computing and communication, promising much faster processing speeds.