China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers ​across the country, Bloomberg News reported on Tuesday, as ‌Beijing looks to challenge the US in the intensifying AI race.National Development and Reform Commission is among key government agencies drafting a blueprint ​to build a network of inter-connected computing hubs across ​the country, the report said, citing people familiar ⁠with the matter.China's new five-year policy blueprint laid out its ​ambitions to aggressively adopt AI throughout the world's second-biggest economy and dominate ​emerging technologies such as quantum computing and humanoid robots.State firms such as China Mobile and China Telecom will operate the bulk of the data ​centers and ensure they are connected, according to the ​Bloomberg News report.The idea is to rely on local suppliers, including Huawei Technologies ‌for ⁠at least 80 percent of technology such as AI chips, effectively squeezing out Nvidia and Advanced Micro Devices, the report said, adding that the data-center blueprint remains in early discussions and ​details could change.This ​comes as Big ⁠Tech companies in the US are expected to spend more than $700 billion this year to ​fund their AI buildout plans.China Mobile, China Telecom ​and ⁠National Development and Reform Commission did not immediately respond to Reuters' requests for comment.Reuters reported last year that the Chinese government issued ⁠guidance ​requiring new data center projects that ​have received any state funds to only use domestically made AI chips.