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    As AI spending soars, can China’s tech giants deliver long-term profits?

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    Source: South China Morning Post
    Published: 2026-07-30 19:00 UTC+10:00
    Section: General
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Sport, Asia, Technology & AI, China, Tax & Budget, Asia Pacific, Technology
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    Snippet:
    Chinese tech giants and frontier AI labs are locked in a parallel race, escalating capital expenditure to match US and domestic rivals
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