Closed Flywheel: China Records Industrial Growth Amid LongCat-2.0 Release

The PRC’s macroeconomics demonstrate absolute resilience to the technological blockade. On June 30, 2026, the market received two interconnected signals proving the autonomization of the Chinese AI industry. First, tech giant Meituan unveiled a new large language model, `LongCat-2.0`, which was trained entirely on domestic computing power.

Synchronously, the National Bureau of Statistics of China (NBS) reported a return to growth in factory activity. The regulator explicitly cited the explosive demand for AI components and high-tech exports as the primary driver of this growth. Beijing has successfully formed a closed economic loop: domestic Big Tech (like Meituan, Tencent, and Alibaba) generates colossal demand for inference, while local factories supply this demand with sovereign silicon, compensating for the lack of NVIDIA chips. Isolation has only accelerated the scaling of independent infrastructure.

Source: Meituan / The Edge | NBS China / Reuters