MIIT Called for Cultivating Leading AI Enterprises and Enhancing Fiscal and Tax Support

On June 3, 2025, the Ministry of Industry and Information Technology (MIIT) Minister Li Licheng presided over a meeting to study approaches and measures for advancing the development of the artificial intelligence (AI) industry and empowering new industrialization.

The meeting emphasized the need to strengthen computing power supply, coordinate the layout of general-purpose large models and industry-specific large models, accelerate the establishment of high-quality industry-specific datasets, and improve the intelligent level of key products and equipment; to promote the implementation of large models in key manufacturing industries, cultivate AI-enabled application service providers, and accelerate the deployment and iterative upgrading of industry-specific large models; and to focus on cultivating leading AI enterprises, support the specialized, refined, distinctive, and innovative development of small and medium-sized AI enterprises. It called for enhancing fiscal and tax policy support, guiding social capital to increase investment, accelerating the formulation of management and service measures for AI technology ethics, and steering the healthy and orderly development of the industry.