AGP Executive Report
Last update: 10 hours agoManufacturing: China’s industrial profit growth picked up in September, led by high-tech sectors, but the recovery remains uneven. Semiconductor maker CXMT is pushing ahead with advanced AI-memory production despite weak yields, as Beijing considers export controls on AI, biopharma and solar technologies. Clean Energy: China has nearly 70% of global electrolyzer manufacturing capacity, while wind power capacity reached 700 gigawatts by September. With domestic wind demand cooling, manufacturers are seeking overseas markets. Agriculture: More than 300,000 Chinese agricultural drones now serve over 30 million hectares, cutting water and pesticide use while boosting fieldwork efficiency. Supply Chains: Xudong Group has launched a portal to connect global buyers with its Philippine wire-harness and cable-assembly operation, part of a China+1 manufacturing push. Autos: Chinese car sales have overtaken Japanese brands in Europe, while Mercedes has cut its profit outlook as competition and falling sales in China weigh on the German automaker.
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