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China's AI Boom Drives Record Profits and Tech Surge
China's AI sector drives 24.7% industrial profit growth, sparks optical communication export boom, and ignites a funding frenzy among AI startups.
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China's AI sector drives 24.7% industrial profit growth, sparks optical communication export boom, and ignites a funding frenzy among AI startups.
China's industrial profits surged 24.7% in April, the fastest in over two years, driven by AI demand, semiconductors, and higher oil prices.
China's industrial profits grew 18.2% in Jan-Apr 2026, led by high-tech manufacturing and electronics as economic transformation accelerates.
China's fiscal revenue rose 6.7% in April while spending fell 3.2%. Industrial profits surged 24.7% on AI and energy demand, signaling a mixed economy.