By June 2024, the user base of generative artificial intelligence (AI) products in China had grown to 230 million, demonstrating the country's broad adoption of AI-driven innovations across various sectors, according to a report released on December 1. China has developed a robust AI industry ecosystem, with over 4,500 companies involved in the sector, as outlined in a report from the China Internet Network Information Center (CNNIC). The generative AI industry in China is thriving, with the core sector valued at nearly 600 billion yuan (approximately 82.84 billion U.S. dollars). The ecosystem covers critical areas such as chips, algorithms, data, platforms, and applications. Australia imposes world’s first ban on social media for under-16 As of July 2024, more than 190 generative AI models were operational and available online, providing users with a wide array of options and personalized experiences. In July 2023, China introduced a set of provisional regulations for generative AI services, the first of its kind globally. Additionally, a key policy resolution adopted in July 2024 highlighted the country’s plans to enhance mechanisms for the development and management of generative AI.