China on Cusp of Seeing Over 100 DeepSeeks, Ex-Top Official Says

Published on June 26, 2025

At the World Economic Forum in Tianjin, former Chinese central bank official Zhu Min predicted that China’s strengths in artificial intelligence—including its vast engineering talent, large consumer base, and government support—will drive over 100 innovations like DeepSeek within 18 months, significantly transforming the nation’s economy. This anticipated surge in AI breakthroughs underscores intensifying tech rivalry with the US, especially as Washington restricts China’s access to advanced chips over security concerns. Despite ongoing trade tensions and high tariffs, optimism in China’s tech sector remains strong, with high-tech’s contribution to GDP rising and expected to grow further. Zhu also warned that US tariff policies could dampen global trade and spark inflation, as global supply chains slow and investment stalls.

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