"NDRC Issues $91.5B in Special Bonds for 6,700+ Advanced Manufacturing and Infrastructure Projects"

This week, ferrous metals moved sideways and upward. During the week, as US-Iran negotiations made no progress and the Strait of Hormuz remained closed, combined with declining US crude oil inventories, Brent crude oil surged sharply, driving coking coal higher. Although BHP port spot cargoes were available for purchase, which was bearish for market sentiment, futures had already priced in related expectations earlier, so iron ore pullback was limited and cost support was relatively neutral. The Politburo meeting held mid-week had low direct correlation with ferrous metals, and ferrous metals fluctuated at highs during the week. Spot market side, end-users restocked at low prices before the holiday, and as futures rose in the latter half of the week, speculative demand was also released...

In April, the Cloud Computing and Digitalization Research Institute of the China Academy of Information and Communications Technology (CAICT) officially released the *Research Report on Intelligent Computing Power Services*, based on continuous research and extensive surveys. The report, grounded in the trends of large-scale AI application and computing power servitization, systematically reviewed the development background, conceptual connotations, system architecture, key technologies, typical scenarios, market size, industry chain landscape, and future trends of intelligent computing power services. For the first time, it constructed a three-layer system architecture for intelligent computing power services, proposed three core service forms—intelligent computing power resource services, intelligent computing power interconnection services, and intelligent computing power application services—and estimated that China's intelligent computing power services market size exceeded 130 billion yuan in 2025.

The Chongqing Municipal People's Government issued a notice on the "Chongqing Action Plan for Promoting the Development and Capacity Enhancement of the Chengdu-Chongqing Twin-City Economic Circle (2026–2030)." The notice stated that efforts should be made to promote the mutual empowerment of artificial intelligence and "Digital Chengdu-Chongqing," explore the coordinated linkage of key elements such as computing power, data, application scenarios, and policy ecosystems between Sichuan and Chongqing, and support AI technology R&D, application, and industrialisation in the Chengdu-Chongqing region. By 2030, the intelligent computing power of the Chengdu-Chongqing computing hub period will reach 100,000 PFLOPS, the city will have built more than 10 AI industry application pilot testing bases, and will have cultivated 20 vertical large models and 5 major projects with national influence, with daily average token invocations leading in western China.