$2 billion artificial intelligence park in Beijing - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

$2 billion artificial intelligence park in Beijing

Part of the daily SupChina newsletter. Subscribe for free

Xinhua News Agency reported on January 2 that Zhongguancun Development Group would work with authorities to build a $2.1 billion technology park in the Mentougou District in western Beijing. The park, Xinhua says, will “focus on developing areas such as super high-speed big data, cloud computing, biometric identification and deep learning,” and include a 5G mobile network. It is expected to eventually house around 400 companies, after construction is completed “within three to five years,” according to Quartz. Media reports on the tech park invariably note that it is part of a government plan for China to become a “world-leading” player in artificial intelligence by 2030. Two other parts of the plan got media attention this week:

  • AI computer chips, which China has “the capital, the talent, a huge consumer market and — crucially — rafts of data,” along with significant state support to excel in developing, the Wall Street Journal reports (paywall).
  • Autonomous cars, which got a designated suburb of Beijing for testing this week, Caixin said. Meanwhile, the National Development and Reform Commission announced that it aimed for half of all new cars to implement AI by 2020, and for 90 percent of big cities and highways to be wired to support the technology, Reuters notes.

EARLIER THIS WEEK:

Wenzhou Kangning caters mostly to affluent white collar workers, but its $29.5 million IPO is a significant step toward building better mental health services for all Chinese citizens.

Chinese pharmaceutical companies, including Chi-Med, BeiGene, and Jiangsu Hengrui, aim to submit dozens of new drugs for trial in the U.S. in the next five years. The first approvals could come as early as 2019.

With the announcement of curbs on electricity use and, potentially, land-use and tax incentives that favor bitcoin miners, the Chinese government appears eager to discourage cryptocurrency production in China.


Share
Lucas Niewenhuis

Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.