標普1500鋼鐵指數上漲4.2%，有望創下自7月28日以來的最大漲幅。

China’s Ministry of Industry and Information Technology (MIIT) has drafted an Action Plan to strengthen supply–demand matching for spatio-temporal information terminals and promote integrated applications and plans to issue it this year. MIIT deputy director Shi Huikang said the Beidou satellite navigation system is a key space information infrastructure: by end-2025 domestic Beidou‑compatible chips and modules had cumulative shipments of nearly 2.6 bln units, the installed base of Beidou‑capable terminal products exceeded 2.2 bln devices/sets, and the satellite navigation industry’s 2025 output totaled 629.0 bln yuan, up 9.24% YoY.

Xiaomi founder, chairman and CEO Lei Jun said China’s auto industry is moving upscale but the domestic high-end market is currently in a product supply gap and the luxury segment is being restructured. He said China achieved domestic substitution for most components 10–20 years ago and that remaining differences are matters of design and manufacturing quality. In mid-to-high-end vehicles, in-vehicle chips, vehicle operating systems and carbon-ceramic brake discs are entering a domestic-substitution phase. Lei expects this transition will take 5–10 years and said companies like Xiaomi must act as lead suppliers to help build a domestic high-end parts ecosystem. He added that while China’s auto sector is highly competitive with mature low- and mid-end offerings, quality supply for mid- and high-end products is lacking and the industry must develop distinctive mid-to-ultra-high-end models.