Business Brief (April 22): China Targets 100 Trillion Yuan Service Sector With AI Push

Published: Apr. 22, 2026 6:27 p.m. GMT+8

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Services sector expansion

China’s State Council issued guidelines to expand and upgrade the services sector, targeting a total scale of 100 trillion yuan ($14.7 trillion) by 2030. The plan calls for advancing an “AI+” initiative, developing smart programming tools and supporting purchases of AI models and agent services.

Computing and power coordination

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China’s State Council targets services sector at 100 trillion yuan ($14.7T) by 2030, advancing AI+ initiatives; MIIT supports computing-power coordination and memory chip supply chains.
WeChat Pay integrates national payment codes in South Korea, Sri Lanka, Thailand, Malaysia, Singapore.
Anthropic to invest $100B over decade in Amazon computing power via three April deals; Mexico, Peru launch probes into Chinese imports.

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Who’s Who

WeChat Pay: WeChat Pay has integrated national payment codes for South Korea, Sri Lanka, Thailand, Malaysia, and Singapore to expand its international reach.

Anthropic: **Anthropic** plans to invest $100 billion over the next decade to procure computing power from Amazon, signing three major deals in April.