China's artificial intelligence (AI) industry is on track to exceed 1 trillion yuan (about 138 billion U.S. dollars) by 2025, accounting for over 20 percent of the global market, according to a report from iiMedia Research.
In 2024, China's AI market was valued at 747 billion yuan (over 103 billion U.S. dollars), marking a 41 percent increase from the previous year.
Driven by the growing adoption of AI across sectors like internet services, telecommunications, government service, and finance, the market is expected to reach 1 trillion yuan by 2025.
AI penetration has surged in major industries, with the internet sector leading at 89 percent adoption rate, followed by telecommunications at 68 percent, government service at 65 percent, and finance at 64 percent in 2023, according to the report.
This growth highlights China's expanding AI landscape, where the technology continues to boost efficiency and foster innovation across industries.
China's AI industry expected to surpass 1 trln yuan by 2025
The value of import and export cargo shipped on the shipping route between Shanghai in China and Chancay Port in Peru has reached 5.57 billion yuan (about 790 million U.S. dollars), Shanghai Customs said on Friday.
The route has handled 205,000 tonnes of goods since its launch a year ago.
The shipping route became fully operational when the first container vessel from Chancay arrived at Shanghai's Yangshan Port on Dec. 18, 2024, following the official opening of Chancay Port the month before.
The route cuts sea transit times between China and Peru from 35 to 40 days to just 23 days, reducing logistics costs by more than 20 percent. Driven by the route, Shanghai's imports and exports with Peru registered a 40.3 percent year-on-year increase in the first 11 months of 2025.
Perishable goods such as avocados and blueberries are transported via a green channel established at Shanghai's Yangshan Customs, which ensures expedited clearance.
The route has also facilitated automotive exports.
Chancay Port, a deep-water hub and South America's first smart green port, is a flagship Belt and Road cooperation project between China and Peru.
Chancay-Shanghai shipping route moves goods worth over 5.5 billion yuan
