China Artificial Intelligence Industry Development Alliance (AIIA) has launched preparatory work to establish a Token Service working group to support high-quality development of token services. The group is led by the China Academy of Information and Communications Technology (CAICT) and comprises 22 organisations, including Huawei Cloud, Baidu Intelligent Cloud, China Mobile, China Telecom and China Unicom, aiming to coordinate upstream and downstream industry participants to build a high-qual

June is normally a seasonal trough for China’s construction machinery sector, but production lines are running at full capacity, electric models are in acute shortage and delivery cycles have lengthened significantly. New-energy construction equipment sales remain strong: Jan–May electric loader sales totaled 20,819 units, up 90.9% YoY. Electrification is becoming the industry's primary growth engine. Exports are also elevated: Jan–May construction machinery trade was $28.911 bln, up 19.5% YoY, with exports of $27.902 bln, up 20.8%. Many manufacturers report capacity constraints and say logistics have shifted from monthly concentrated shipments to continuous dispatching.

Hongchuan Smart’s unit Hongchuan Zhisuan has delivered a batch of enterprise-grade DDR5 memory modules to a leading Chinese GPU design firm for server validation of its AI compute chips and build-out of compute centers. The shipment is among the first major orders since Hongchuan Zhisuan received official distributor authorization from Changxing Semiconductor in May 2026, marking a substantive step in supply-chain coordination between China’s high-end memory makers and domestic GPU chip designers.