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Chinese foreign aid expands into digital economy, AI initiatives

China

China

China

Chinese foreign aid expands into digital economy, AI initiatives

2025-03-18 14:45 Last Updated At:15:17

China is actively developing new programs of foreign aid with a focus on emerging sectors such as the digital economy and artificial intelligence (AI), according to the China International Development Cooperation Agency (CIDCA) on Monday.

Speaking at a press conference in Beijing, CIDCA spokesman Li Ming said China has been continuously working on cooperation projects aimed at enhancing digital connectivity.

"We have been working continuously to implement cooperation projects on digital economy, as well as digital and smart connectivity. China has helped with the construction of digital infrastructure projects in 15 countries and international organizations, including Pakistan, Laos, Egypt and Uganda. These projects cover areas such as telecommunications, internet services, e-governance, smart transportation and satellites," said the spokesman.

"The China-aided Tanzania National Information and Communications Technology (ICT) Broadband Backbone project has reduced phone tariffs in Tanzania by 58 percent, and internet costs by 75 percent, enabling remote rural areas and their residents to enjoy the fruits of digital developments," he added.

China is also stepping up efforts to cultivate digital talent in developing countries, with nearly 300 training programs on digital-related topics held so far.

Meanwhile, Luban Workshop, a project named after an ancient Chinese craftsman to provide vocational skills training for local people in countries and regions across the globe, have expanded their curriculum to include artificial intelligence.

Chinese foreign aid expands into digital economy, AI initiatives

Chinese foreign aid expands into digital economy, AI initiatives

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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