China Technology: CBO – China Brief Overnight – June 23, 2026

Research evidence excerpt

China Technology: CBO – China Brief Overnight – June 23, 2026

Equity Research

China Technology

23 June 2026

CBO – China Brief Overnight – June

23, 2026

China to accelerate the elimination of "unreasonable" curbs China Technology

on auto consumption; Doubao series model’s daily average POSITIVE

token usage surged 10 times from a year ago to 180 China Technology

Jiong Shao, CFA

trillion; third-party data shows ecommerce sales up 4% yoy +1 212 526 5562

during the 618 shopping festival. jiong.shao@barclays.com

BCI, US

Lian Xiu (Roger) Duan

+1 212 526 4633

Our daily product rounds up key stories from the Chinese language media overnight, focusing lianxiu.duan@barclays.com

on developments in the technology space. BCI, US

Xinyao Song

See our latest research on Barclays Live. +1 212 526 6972

xinyao.song@barclays.com

June 23, 2026 BCI, US

Government/Industry News

•• China to accelerate the elimination of unreasonable curbs on auto consumption:

According to the MIIT official statement, China seeks to eliminate unreasonable curbs,

including car purchase limit, on auto consumption while expanding consumption across the

industry’s entire value chain. The ministry has designated 40 pilot cities to lead reforms in

auto distribution and retail consumption. China also outlined measures to cultivate and scale

the auto aftermarket, calling for the establishment of a robust regulatory framework for

vehicle modification and the supply chain upgrading of the recreational vehicle

manufacturing sector.

•• Canada government says at least four Chinese carmakers are looking at domestic

manufacturing partnerships: According to Bloomberg, Canadian Industry Minister Melanie

Joly said during a meeting with Chinese carmakers in China last week that at least four