China Technology: CBO – China Brief Overnight – July 21, 2026

Research evidence excerpt

China Technology: CBO – China Brief Overnight – July 21, 2026

Equity Research

China Technology

21 July 2026

CBO – China Brief Overnight – July

21, 2026

Zhipu completes construction of a 1 GW center only using China Technology

domestic chips; Coupang warehouse fire initially brought POSITIVE

under control after 61 hours; Xiaomi raises its 2026 China Technology

Jiong Shao, CFA

smartphone shipment target by 16% to 110mn units; Ant +1 212 526 5562

International raised about $1.2bn in funding round ahead of jiong.shao@barclays.com

BCI, US

a potential HK IPO. Lian Xiu (Roger) Duan

+1 212 526 4633

lianxiu.duan@barclays.com

Our daily product rounds up key stories from the Chinese language media overnight, focusing

on developments in the technology space. Xinyao Song

+1 212 526 6972

See our latest research on Barclays Live. xinyao.song@barclays.com

July 21, 2026

Government/Industry News

•• China to optimize the efficiency of fiscal fund utilization and accelerate policy execution

to meet annual economic targets: According to gov.cn, Premier Li Qiang chaired a State

Council Executive meeting and pledged to maximize the efficiency of its fiscal fund utilization

and accelerate policy execution in the second half of the year to ensure the country meets its

annual economic growth targets. The meeting emphasized the need to fully unleash potential

of the service sector and accelerate the removal of regulatory barriers and market constraints.

China will actively explore new social security models for flexible employment workers and

optimize targeted housing support measures for key demographics.

•• China has built the world’s largest express delivery network and plans to build over

3,000 charging and battery swapping stations for heavy-duty trucks: According to IT