China invested 728.8 billion yuan in intelligent computing infrastructure in the first three quarters of 2026, but only 13.6% of projects are in operation, TechNode reports

What changed

TechNode reports that investment in intelligent computing infrastructure in China reached 728.8 billion yuan (about US$109 billion) in the first three quarters of 2026, while only 13.6% of the projects had entered operation and 71.6% were still in planning and preparation. It says China had 15.56 million standard data centre racks in operation and 2,185 EFLOPS of intelligent computing capacity at June 2026, up 177% year on year, and that at least 158 projects with winning bids above 100 million yuan each, worth more than 113 billion yuan in total, were recorded in the first seven months of 2026, with telecom operators behind more than half of the large tenders. TechNode expects 2027 to be a major delivery year. Figures are as reported by TechNode, which does not name the underlying statistics source for each figure.

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