【政治脆弱性推高歐洲多國融資成本】安聯一項利用歐洲八國每週民調數據追蹤政治脆弱性的指數大幅攀升至八年來最高水平，反映出政黨體系碎片化、選民對主流政黨的不滿、政治立場向極端陣營兩極分化以及執政能力受到削弱等因素。如今，政治脆弱性出現顯著變化（即發生“一個標準差”的變動）會使意大利10年期借款成本相對於掉期市場基準利率的利差擴大近0.5個百分點。法國的利差會因此擴大約三分之一個百分點，比利時或英國則會擴大約四分之一個百分點。自2022年以來，政治脆弱性已使意大利、法國、西班牙、比利時和英國累計利息支出增加約1,000億歐元。這平均相當於這些國家年度債務利息支出的約3%，其中意大利最高可達5%。

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At the Digital China Expo in Guiyang, the National Data Administration said China’s compute network is deeply coupled with five infrastructure networks — water, new power grids, next‑generation communications, urban underground pipe networks and logistics — forming an integrated system that mutually empowers operations. The agency said compute acts as the “brain,” enabling intelligent dispatch and improved renewable absorption in new power grids; collaborating with next‑gen communications to accelerate data flow, model training and applications; supporting basin‑level water forecasting and dynamic water allocation; enabling real‑time monitoring, risk warning and emergency linkage for urban lifeline systems (gas, drainage, heating); and linking logistics to lower costs and boost supply‑chain efficiency. It reported national intelligent compute capacity of 2.45 million PFLOPS (FP16) as of end‑July, with eight national compute hubs and three power‑compute coordination zones comprising over 85% of the country’s compute scale.