KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Key Takeaways
China designates 2025–2027 as a critical window for accelerating AI adoption.
Policy priorities focus on six areas: science & technology, industry, consumption, public welfare, governance, and global cooperation.
Milestone targets: 70% AI penetration by 2027, 90% by 2030, and a fully intelligent economy by 2035.
Government to deploy policy tools, financial support, and institutional reforms to drive progress.
Resource allocation includes computing power optimisation, shared platforms, and AI product adoption to reduce R&D costs.
Policy Direction
The National Development and Reform Commission (NDRC) published new guidelines under the “AI Plus” initiative, signalling Beijing’s push to transform the digital economy into a smart, AI-driven economy. Director Huo Fupeng stressed that the next one to two years mark a decisive period for deployment, requiring mobilisation of resources from government, industry, and society.
Implementation Roadmap
The NDRC outlined three milestone goals:
By 2027: Widespread application of intelligent terminals and agents, achieving >70% penetration across industries.
By 2030: Penetration exceeds 90%, making AI a core driver of economic growth.
By 2035: China envisions a mature intelligent economy and society, fully integrating AI across governance, industry, and public life.
Strategic Measures
Deputy Director Zhang Kailin indicated more detailed sector-specific plans and standards will be introduced. These include:
Developing data-sharing frameworks and ensuring model interoperability.
Expanding AI applications in critical scenarios such as healthcare, manufacturing, and public services.
Government-led investment to strengthen computing infrastructure and lower costs for enterprises.
Promoting public adoption of AI-enabled products, ensuring consumer-level integration.
Market Implications
Technology and industrial policy alignment: The AI Plus initiative reflects China’s long-term strategy to sustain competitiveness in advanced tech amid geopolitical headwinds.
Capital market opportunities: Sectors such as semiconductors, cloud services, robotics, and AI software platforms are positioned to benefit from policy support.
Global cooperation: While geopolitical frictions persist, China has explicitly positioned international collaboration as part of its roadmap, suggesting selective partnerships in AI standards, R&D, and applications.
Conclusion
China’s accelerated AI roadmap highlights a policy-driven growth trajectory where government-backed initiatives, infrastructure investment, and mass adoption targets will shape the sector. For investors, the key lies in identifying companies aligned with the state’s six focus areas, particularly in computing infrastructure, industrial AI applications, and smart consumption platforms.
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