China aims to lead in artificial intelligence while enforcing strict regulations on its companies. Xi Jinping recently highlighted the country's goal of achieving significant technological advancements, urging firms to innovate quickly but within a complex legal framework.

China's latest five-year plan outlines bold goals for its space sector, including a focus on space mining and digital infrastructure in orbit. The plan emphasizes water harvesting from asteroids for fuel, while also aiming to compete in space tourism and influence international space regulations. However, significant technical challenges remain, particularly for the ambitious data center proposals.

China plans to intensify its crackdown on virtual currencies, including stablecoins, which officials say lack legal status and pose financial risks. The central bank raised concerns about money laundering and fraud associated with stablecoins during a recent meeting. Meanwhile, Hong Kong continues to support the crypto industry, contrasting with mainland policies.