Electronic Equipment · 9.3

Network Equipment

Quantified news impact based on deduplicated, quality-reviewed events in a single 7-day window.

Average net impact+11weighted per event

Average gross impact13absolute weighted average

Events16same period

Confidence78%model average

Raw intensity55before weighting

Previous period+33net impact

Gross change-62%

Diffusion speed2.3 / day

Concentration9%

Direction disagreement13%

Source independence94%14 sources

IMPACT TREND

7-day effective impact

Positive 13 · Negative 1 · Mixed 2

+350-35

-6

28 Jul, 001 event

28 Jul, 146 events

29 Jul, 041 event

29 Jul, 180 events

+12

30 Jul, 084 events

+19

30 Jul, 224 events

31 Jul, 120 events

1 Aug, 020 events

1 Aug, 160 events

2 Aug, 060 events

2 Aug, 200 events

3 Aug, 100 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term25%52 cumulative effective impact

Medium term48%97 cumulative effective impact

Long term27%55 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 2 · 16 events

Macro6

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +29
Intensity: 78
Confidence: 88%
Horizon: Medium term

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +27
Intensity: 80
Confidence: 80%
Horizon: Long term

Macro30 Jul, 15:17positive

China’s ‘Six Networks’ Build-Out Gains Pace, Multi-Network Coordination Bolsters Investment to Expand Domestic

China’s National Development and Reform Commission detailed progress on the 'Six Networks'—water, electricity, computing, communications, urban underground pipelines and logistics—and announced heightened multi-network coordination to boost effective investment and expand domestic demand. In 2026, over RMB7 trillion will be invested in these networks and key areas. During the 15th Five-Year Plan period, investment in new-type power grids and underground pipelines is projected at around RMB5 trillion each, and computing network direct investment will add RMB4 trillion. In the first half, private capital into water network construction exceeded RMB10.8 billion, up 85.8% year-on-year.

Effective: +26
Intensity: 80
Confidence: 83%
Horizon: Medium term

Macro29 Jul, 06:52positive

New Infrastructure Hits RMB2.98 Trillion in H1 2026; Intelligent Computing Up 177%, 5G Stations Top 5.05

China’s new infrastructure drive maintained steady momentum in the first half of 2026, with the core industry scale reaching RMB2.98 trillion. Intelligent computing power surged 177% to 2,185 EFLOPS, while 5G base stations topped 5.05 million and the 5G-A network covered 330 cities. Technology-oriented loans rose sharply, and credit tilted toward the sector. Listed new infrastructure companies’ combined net profit jumped over 59%, with computing and data infrastructure profits more than doubling. The government advanced low-orbit satellite constellation deployment, drone airspace mapping, and granted 6 GHz spectrum for 6G trials.

Effective: +21
Intensity: 82
Confidence: 90%
Horizon: Medium term

Macro31 Jul, 09:39positive

China's July 2026 Manufacturing PMI Falls to 49.2%; Equipment and High-Tech Manufacturing Maintain Expansion

China's manufacturing Purchasing Managers' Index (PMI) fell to 49.2% in July 2026, entering contraction territory due to a high base from earlier rapid growth and the onset of the traditional off-season for some industries. The equipment manufacturing and high-tech manufacturing PMIs stood at 51.4% and 53.3%, respectively, maintaining expansion. In contrast, consumer goods and high-energy consumption sectors weakened. The production index and new orders index declined to 49.9% and 48.5%, while input prices remained elevated at 53.2% and output prices fell to 47.8%.

Effective: +18
Intensity: 60
Confidence: 75%
Horizon: Short term

Macro28 Jul, 08:23negative

US, UK, Germany, Japan and Over 20 Nations Launch 6G Global Partnership to Coordinate Policies and Set

The Trump administration on Monday joined more than 20 allied nations, including the UK, Germany, Japan, and Canada, in launching a global partnership to accelerate secure 6G wireless network development. The initiative establishes government liaison points, shares technical resources, and sets phased goals for one, three, six, and twelve months, with an in-person meeting planned next year. The partners aim to coordinate policies and standards before 6G networks begin replacing 5G in the 2030s.

Effective: -14
Intensity: 75
Confidence: 80%
Horizon: Long term

Industries0

No evidence on this page.

Companies4

Companies30 Jul, 17:25positive

Chinese Firms Announce RMB 67.6 Billion Buyback in July 2026; CATL RMB 40 Billion, Foxconn RMB 2 Billion

Chinese companies in July 2026 announced a total of RMB 67.6 billion in stock buybacks, the largest such plan since the tariff escalation in April 2025, aiming to curb a sell-off and boost investor confidence. CATL will repurchase up to RMB 40 billion, while Foxconn Industrial Internet plans RMB 2 billion. The move comes amid a global equity rout driven by concerns over AI valuations and capital spending, with Chinese authorities also deploying new support measures. The CSI 300 fell over 7% in July, on track for its worst month since October 2022, while the STAR 50 index plunged about 24%.

Effective: +19
Intensity: 60
Confidence: 85%
Horizon: Short term

Companies28 Jul, 23:47positive

Zhongji Innolight: Customer Orders Cover 2026, Demand Clear for 800G and 1.6T

Zhongji Innolight disclosed during a July 28 conference call that orders from nearly all customers now cover the full year 2026, with some extending to 2027 and delivery plans broken down monthly. The company noted strong demand visibility for 800G, 1.6T, 2.4T, and NPO products in 2027. Additionally, key clients have provided guidance for 2028 new products, with substantial amounts indicated. Management said downstream clients' capital expenditure remains sustainable, supporting further industry investment.

Effective: +14
Intensity: 80
Confidence: 85%
Horizon: Long term

Companies31 Jul, 02:53positive

Meta's $700 Billion AI and Cloud Commitments: $349.3 Billion in Irrevocable Contracts, $347 Billion in Future

Meta has committed nearly $700 billion in future spending on artificial intelligence data centers, cloud computing, and related infrastructure. The company disclosed $349.3 billion in irrevocable contract commitments, primarily for third-party cloud services, servers, and network equipment. Additionally, it holds $347 billion in future lease commitments not yet on the balance sheet, with $68 billion added in July alone. Payments for these leases will begin in 2027 and 2028, covering data centers, colocation facilities, and some network infrastructure beyond existing active leases.

Effective: +10
Intensity: 50
Confidence: 60%
Horizon: Medium term

Companies28 Jul, 23:19positive

Tianfu Communication Board Secretary Says AI Drives Optical Interconnection; Stock Drops 13.21%

On July 28, Tianfu Communication's stock fell 13.21%, though its year-to-date gain remains 25.41%. The company's board secretary said AI computing power is driving demand for optical interconnection, with optical components as a key infrastructure. Tianfu Communication has begun mass production of its 1.6T optical engine and is delivering CPO-related FAU and ELS products. The company is expanding capacity in Suzhou, Jiangxi, and Thailand, with the Suzhou R&D center starting construction in April 2026.

Effective: +9
Intensity: 60
Confidence: 70%
Horizon: Medium term