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China's chip advances cannot be contained: expert

China

China

China

China's chip advances cannot be contained: expert

2025-09-09 20:49 Last Updated At:22:07

The development momentum of Chinese chips cannot be contained, as it is impossible to block or contain chip advances in today's digital and connected world, according to an expert on Tuesday.

Shan Zhiguang, director of China National Information Center's Information and Industrial Development Department, made the statement at a press salon in Beijing to interpret a set of government guidelines on advancing China's "AI Plus" initiative.

The State Council recently unveiled the set of guidelines on advancing the "AI Plus" initiative, providing a systematic action plan to embed AI into various sectors and support high-quality social and economic development.

The guidelines proposes support for the construction of open-source AI communities, and for the pooling and opening of models, tools and datasets to be promoted, which will provide the key needs of technological innovation and will lower research and development barriers.

At the press salon, some of China's top experts on artificial intelligence have commended the nation's latest AI Plus strategy from technology pathways to applications and industry growth.

Asked about U.S. chip curbs, Shan said China's AI momentum can not be slowed.

"China's progress in computing chips is encouraging. Our homegrown chips are now ready to support the country's AI development. We oppose unilateralism and the building of small yards with high walls. Even if some try to block or contain chip advances, in today's digital and connected world, that goal is nearly impossible," he said.

China's chip advances cannot be contained: expert

China's chip advances cannot be contained: expert

The Shanghai Futures Exchange on Thursday officially listed options contracts for hot-rolled coil, stainless steel, and low-sulfur fuel oil upon approval from the China Securities Regulatory Commission.

On their debut day, the three new commodity options saw a total of 236 contracts listed for trading. This included 48 contracts for hot-rolled coil options, 50 for stainless steel options, and 138 for low-sulfur fuel oil options.

China is the world's largest consumer of hot-rolled coil and stainless steel, as well as a major consumption market for low-sulfur fuel oil in the Asia-Pacific region.

The introduction of these commodity options will provide related enterprises with a broader array of tools and strategies to manage risks and ensure steady operations, according to analysts.

"China's futures and options product system has been further enriched, now offering comprehensive coverage across the major sectors of non-ferrous metals, ferrous metals, precious metals, and energy and chemicals. This enables investors to combine futures and options to separately manage directional price risks and price volatility risks, while allowing enterprises to manage the price risks they face with greater precision," said Huang Wei, director of the futures and derivatives department at the Shanghai Futures Exchange.

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

Shanghai Futures Exchange launches trading for hot-rolled coil, stainless steel, low-sulfur fuel oil

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