Nanning issues policies to support China-ASEAN AI industry center

Nanning City, in south China's Guangxi Zhuang Autonomous Region, on Friday launched a series of policies to support the development of a China-ASEAN Artificial Intelligence Innovation and Cooperation Center.

The first batch of policies consists of 22 articles, applicable to AI companies that settle in the center from March 1, 2025, and will be valid until Dec 31, 2027.

The new policies will provide enterprises and teams that settle in the center with free office space for no less than two years, with a maximum of 15 square meters per person and a maximum cumulative space of 500 square meters, as well as a startup capital subsidy of up to 5 million yuan (over 680,000 U.S. dollars). Up to 50 million yuan (about 5.84 million U.S. dollars) will be issued each year to support model research and development, and up to 5 million yuan of support will be provided for projects seeking breakthroughs in key core technologies.

The new policy focuses on supporting the construction of intelligent computing centers with a scale of more than 100PFlops.

Newly recruited high-end sci-tech talents in the technology-based AI enterprises above the designated size will be given salary rewards at a rate of up to 10 percent of their after-tax salary.

"We will increase financial and taxation support, and push forward tax reductions and exemptions for the center. For enterprises that meet the current relevant tax preferential policies such as the China-ASEAN Industrial Cooperation Zone, we will provide support for the local share part of corporate income tax under the policy of 'five-year exemptions and five-year reductions'. We will also establish an artificial intelligence industry fund with a total scale of 5 billion yuan (about 683.6 million U.S. dollars), focusing on supporting early-stage and growing AI companies and projects," Zhong Hong, executive vice mayor of Nanning City, said at a press conference on Friday.

The "five-year exemptions and five-year reductions" policy means that enterprises or projects under government support are exempt from corporate income tax from the first to the fifth year of its operation, and the tax is levied at half the statutory tax rate from the sixth to the tenth year.

Nanning issues policies to support China-ASEAN AI industry center

China's domestically developed T1200-grade ultra-high-strength carbon fiber holds broad application prospects in strategic emerging industries, according to its developer.

The country on Wednesday unveiled SYT80, a domestically developed T1200-grade ultra-high-strength carbon fiber, marking a major breakthrough in the China's high-performance carbon fiber technology.

This new material has achieved a hundred-tonne-level annual production capacity, making China the first nation to mass-produce this caliber of fiber, according to its developer, China National Building Material Group Co., Ltd. (CNBM).

Featuring lightweight and high-strength properties, the fiber's diameter is less than one-tenth that of a human hair, and yet its tensile strength is 10 times that of ordinary steel and its density is only one-quarter of steel's.

"Compared with the previous-generation T1100, T1200 has seen its tensile strength increase by more than 14 percent. With its ultimate lightweight and high-strength characteristics, T1200 can achieve weight reduction of over 10 percent for equipment in related fields. It holds broad application prospects in strategic emerging industries such as commercial aerospace, low-altitude economy, and humanoid robots," said Chen Qiufei, head of T1200 ultra-high-strength carbon fiber research and development at Zhongfu Shenying Carbon Fiber Company, a subsidiary of China National Building Material Group.

The new material also possesses many other outstanding properties.

As the fiber undergoes carbonization at nearly 2,000 degrees Celsius during production, its chemical properties remain stable and its corrosion resistance is excellent.

This fiber material also features strong fire and flame retardant properties, offering good safety performance.

The development of this fiber material demonstrates China's fully independent and controllable capabilities across the entire industrial chain of high-performance carbon fiber, spanning technologies and equipment as well as the transition from laboratory research to mass production, said Zhou Yuxian, chairman of CNBM.

China's high-strength carbon fiber shows strong potential in strategic emerging industries