AGP Executive Report
Last update: 11 hours agoIndustrial Recovery: China’s industrial profits rose 15.5% in the first nine months of 2026, led by electronics and high-tech manufacturing, though gains remain uneven. AI Supply Chain: Memory maker CXMT plans limited HBM3E production within two months despite yields of just 20% to 30%, highlighting China’s push to supply AI chips despite technical hurdles. Shipbuilding: Chinese yards won 175.29 million deadweight tonnes of new orders in the first nine months, up 163.2% year on year and equal to 81.8% of the global total. Auto Technology: Volkswagen plans to take China-developed vehicle platforms and software to South America and Africa, turning its China operation into a global development and export base. Commodity Markets: The London Metal Exchange launched a steel contract tied to Shanghai Futures Exchange prices, giving overseas traders a new way to manage price risk using a Chinese benchmark.
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