Nov. 7 — At a signing ceremony, the state-owned assets subgroup of Shanghai’s trading delegation reported $2.862 bln in intended procurement at the 9th China International Import Expo. The subgroup recorded 137 intended purchase orders across bulk commodities, medical devices and agricultural/food products, up 3.1% YoY. Since the first CIIE it has logged $25.2 bln of intended procurement with firms from more than 20 countries and regions, ranking first among Shanghai delegation subgroups for nin

GPUs, used for graphics and increasingly for AI compute, reversed course after an 11-trading-day rally that was sparked by overseas shutdown rumours. Since Oct. 28, prices have fallen sharply: the RTX 5080 slid from nearly 20,000 yuan to about 16,000 yuan, a roughly 20% drop. Vendors say distributors and retailers had pre-stocked inventory, amplifying price swings and producing significant intra-day volatility. Despite the correction, average retail prices for the RTX 50 series remain about 1.7x MSRP, leaving earlier gains largely intact. Huaqiangbei price moves have drawn overseas buyers; visits and cross-border procurement for GPUs and memory have intensified, with one merchant saying foreign customers made up over 50% of October sales.

Elon Musk said Tesla will continue producing the Cybertruck for another eight to nine months, after which the company needs to focus on scaling up the Cybercab.