Industry Association deputy secretary-general Liu Yan said China’s auto competitiveness has moved from a cost/value edge to system competitiveness centered on new-energy vehicles (NEVs). Since June, China’s monthly vehicle exports have topped 1.0m for four consecutive months, with NEVs accounting for over 50% of exports in each month.

China State Construction Third Bureau completed the expansion of China Mobile’s Hohhot intelligent computing center (B25/B27) in Horinger New Area. Contract value 2.7 bln yuan; gross floor area ~44,500 sqm; IT load 120 MW. On commissioning total compute capacity will be 20,100P, of which intelligent compute is 16,700P; 90% of capacity is earmarked for the Beijing–Tianjin–Hebei region and green power accounts for 88% of supply. Project is part of the national East Data West Compute initiative and will further enhance China’s national compute dispatch network and AI industry competitiveness.

China's Shanghai Composite Index closed down 0.43% at 3,797.24 on Monday, Oct. 12; Shenzhen Composite fell 2.03% to 12,384.87; CSI 300 dropped 0.68% to 4,287.98; ChiNext slid 2.61% to 2,963.82; STAR 50 fell 2.10% to 1,426.72.