AGP Executive Report
Last update: 11 hours agoAI & Manufacturing: China is accelerating AI integration on factory floors, while a new state-owned data group in Xiong’an is tasked with developing data resources and supporting AI growth. Chinese firms are also bringing AI features into devices such as smart glasses and wearables. Economic Pulse: GDP grew 4.5% in the third quarter, beating forecasts as exports offset weak consumer demand and a property slump. Industrial output rose 5.3% in the first three quarters, and planners are preparing measures to lift domestic demand. Energy Transition: Power use rose 3.9% in January-September as emerging sectors expanded, but grid bottlenecks threaten the shift to renewables. Proposed export controls on solar manufacturing technologies could also reshape supply chains and spur other countries to build local capacity. Transport & Agriculture: Shanghai hosted the first joint type-certification meeting for China’s C929 long-haul aircraft. In Qingyang, a national apple expo showcased digital farming and smart orchards across a supply chain worth more than 12.5 billion yuan.
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