iQiyi Inc., a leading Chinese online entertainment company, saw its stock surge 5.14% in pre-market trading on Wednesday. This rally came after China set an ambitious economic growth target of around 5% for 2025 and announced measures to support domestic consumption and the technology industry.
China's Premier Li Qiang outlined the government's plans to boost fiscal stimulus through increased issuance of special bonds, amounting to 1.3 trillion yuan ($179 billion). A significant portion of these funds will be allocated to finance infrastructure projects and subsidize consumer purchases, aiming to revive sluggish spending amid the ongoing trade tensions with the United States.
Notably, the government work report mentioned support for the application of large-scale AI models, signaling a favorable stance towards the technology sector. This move comes in the wake of the global attention garnered by Chinese AI startup DeepSeek's launch of a low-cost AI model.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。