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NDRC and Ministry of Commerce Release the 15th Five-Year Plan for Expanding Consumption
Officials from the National Development and Reform Commission (NDRC) and the Ministry of Commerce answered press questions on the 15th Five-Year Plan for Expanding Consumption. The plan targets raising the household consumption rate, deploying 28 key tasks, and aims to reach approximately 60 trillion yuan in total retail sales of consumer goods by 2030.
Semiconductor Industry Logic Shifts to Supply Chain Security, Domestic Substitution of 15 Core Materials Accelerates
In 2026, the semiconductor industry logic has undergone a profound transformation, shifting from competing on process nodes to focusing on supply chain security and self-sufficiency. Domestic substitution of 15 core materials has fully accelerated, with Big Fund Phase III prioritizing support to eliminate overseas dependence on critical materials.
Yuanxin Kewei Breaks Ground on 5-Billion-Yuan Semiconductor Key Materials Production Base
Yuanxin Kewei's high-end display and semiconductor key materials R&D and production base has broken ground at Wangcheng Economic Development Zone. The project involves a total investment of 5 billion yuan, focusing on upstream core materials for semiconductors and new displays, filling a critical gap in Changsha's new materials industrial chain.
China's 40-Trillion-Yuan Insurance Fund Becomes Largest Backer of Hard Tech, Investing 2.8 Billion in Semiconductor Leaders
Insurance funds in China are shifting from traditional investment paths to systematically deploying capital in hard technology sectors. China Life, PICC, and other insurers have collectively invested nearly 2.8 billion yuan in memory chip leader CXMT, becoming one of the largest financial backers of China's new quality productive forces.
China's IC Output Reaches 279.8 Billion Units in H1 2026, Averaging Over 1.5 Billion Chips Per Day
Data released by the State Council Information Office shows that China's total integrated circuit output by enterprises above designated size reached 279.8 billion units in the first half of 2026, a year-on-year increase of 23.1%, with an average of over 1.5 billion chips produced daily, leading the world in production capacity.
Memory Chip Cycle Fully Reverses as Mid-Year Reports Show Surge in Earnings
Driven by surging AI computing demand and completed inventory digestion, the memory chip sector has entered an upcycle. Companies such as Longsys and Biwin Storage reported net profit increases of tens to hundreds of times year-on-year in their mid-year reports, signaling soaring industry prosperity and a full cycle reversal.
State Council Executive Meeting Deploys Digital China Construction and Emerging Pillar Industry Cultivation
The State Council Executive Meeting reviewed progress on Digital China construction, calling for accelerated development of next-generation communication networks and computing power networks. The meeting also studied the cultivation of emerging pillar industries, promoting full-chain scaled development and strengthening basic research and key software and hardware breakthroughs.
2026 World Artificial Intelligence Conference Opens Today with 300+ Debut Products Showcasing New AI Breakthroughs
The 2026 World Artificial Intelligence Conference opened in Shanghai with record exhibition space exceeding 100,000 square meters, over 1,100 companies participating, and more than 300 products making their global debut. Major launches included Huawei's Atlas 950 and an AI protein design platform.
Gathering 'New' Momentum to Stimulate Home Industry Development — 28th China Building Expo (Guangzhou) Concludes
The 28th China Building Expo (Guangzhou) successfully concluded with nearly 2,000 exhibiting companies and over 140,000 professional visitors from 146 countries and regions. Overseas visitors increased 33.4% year-on-year.
"Achievements of National Aerospace Endeavours" Thematic Exhibition Makes First Stop at Hong Kong Science Park
"Achievements of National Aerospace Endeavours" Thematic Exhibition Makes First Stop at Hong Kong Science Park
Rental Demand Rises in Shenzhen and Other Tier-1 Cities, Rent-to-Price Ratio Continues Climbing
Rental demand continues to rise in Shenzhen and other first-tier cities, with the rent-to-price ratio steadily climbing. The leasing market is becoming more active as housing rental transitions from a temporary choice to a long-term living arrangement.
National First: Suzhou's New Rules Let Delivery Riders 'Afford to Wait' at Red Lights
Suzhou becomes the first city in China to include delivery riders' red light waiting time in delivery timing systems. The pilot launches in August in Gusu District and SIP, with mandatory rest periods and point-based reward mechanisms.
DeepSeek Valued at Over 350 Billion Yuan
DeepSeek's latest valuation was revealed at approximately 351 billion yuan following its first external funding round. The company has initiated IPO preparations, targeting an A-share listing application by late 2026. Founder Liang Wenfeng's net worth stands at approximately $36 billion.
Ministry of Commerce and GAD Implement Temporary Export Ban on Helium
China's Ministry of Commerce and General Administration of Customs imposed a temporary export ban on helium. With approximately 85% of China's helium reliant on imports, the measure aims to secure domestic supply for critical sectors including semiconductors and healthcare.
How Did an Expo Give Birth to a Global Governance Organization?
From WAIC to WAICO: 29 countries signed the agreement in Shanghai to establish the world's first intergovernmental organization in AI.