China’s Bold Economic Stimulus Measures: An In-Depth Review

by News Editor

March 6, 2025

In a strategic move, Chinese authorities have unveiled a suite of fiscal strategies aimed at boosting domestic consumption and economic progress while mitigating the ongoing impact of trade tensions with the U.S. Beijing has set an ambitious GDP growth target of 5% for the year and declared a record budget deficit.

Key Points

Target for economic growth: 5% in 2025.
Projected budget deficit rise to 4% of GDP, the highest since 2010.
Issuance of special treasury bonds worth 1.3 trillion yuan ($178.9 billion) and 500 billion yuan for state banks.
Local authorities to receive 4.4 trillion yuan through targeted bonds.
300 billion yuan dedicated to expanded subsidies for electric vehicles and household goods.
Aim to maintain urban unemployment at 5.5% and create over 12 million urban jobs.
Increased defense spending amid geopolitical challenges.

Impact Highlight

Addressing tepid domestic demand, the government has adjusted its consumer inflation goal from 3% to around 2%, the lowest in over twenty years. This new inflation ceiling aims to foster business investments and enhance consumer income. Four major tasks include bolstering fiscal support, boosting consumption, regulating to prevent price wars, and stabilizing real estate prices.

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Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

by News Editor

August 6, 2026

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

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Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.

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