China warns against 'disorderly' AI race as tech giants expand
Beijing's economic planner warned it will curb "disorderly" AI competition as Alibaba, Baidu, ByteDance, and DeepSeek race US peers with new models. The NDRC stressed avoiding wasteful spending and overcapacity, echoing Xi Jinping's caution. Despite US tariffs, Chinese tech stocks have surged, with MCHI and KWEB ETFs up 30%+ YTD, outpacing the S&P 500.