Bloomberg Report: China to Lead Globally in 8 Key Areas by 2030

Bloomberg Industry Research has released a report stating that by 2030, China will be at the forefront globally in 8 out of 17 key industries, including large language models (LLM), which are central to artificial intelligence. The report, led by Francis Chan, indicates that the U.S. and China are moving towards "AI joint leadership," with neither side likely to achieve a comprehensive advantage. The 8 areas where China is expected to lead include: LLM, optical communication transceiver modules, humanoid robots, general commercial vessels, autonomous and connected vehicles, energy storage, green hydrogen, and biopharmaceutical CDMO. Although China still lags in hardware areas such as chip design, foundry, memory, and equipment materials, the report predicts that by 2030, it will be globally competitive, though complete self-sufficiency remains challenging. The U.S. may maintain a slight edge in model development, while China holds a favorable position in software optimization and low-cost AI implementation. The report also highlights risks, noting that Chinese AI companies face intense price competition, and profitability will depend on more rational pricing strategies. Additionally, trade barriers and export restrictions may alter the geographical landscape of China's industrial expansion.

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