Tech Brief (April 8): China Issues New Rules on Supply Chain Security

Published: Apr. 8, 2026 5:42 p.m. GMT+8

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China issues new supply chain security rules

Chinese Premier Li Qiang signed a State Council decree to publish new regulations on the security of industrial and supply chains, which took effect immediately, according to a Tuesday government statement. The 18-article document outlines working principles, systemic measures, countermeasures, and extraterritorial applications aimed at mitigating security risks, enhancing supply chain resilience, and safeguarding national security and economic stability.

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China enacts new 18-article supply chain security rules via Premier Li Qiang's decree, effective immediately.
Qingming holiday: 135M domestic trips (+6.8% YoY), spending 61.4B yuan (+6.6%); 2025 ad revenue hits >2.05T yuan.
Spirit AI raises 1B yuan (3rd round in 2 months, val>10B yuan); ModelBest secures hundreds of millions.

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Who’s Who

Shunwei Capital: Shunwei Capital co-led a 1 billion yuan funding round for robotics startup Spirit AI, announced Tuesday. This marks the third round for the company in two months, pushing its post-money valuation past 10 billion yuan.

Yunfeng Capital: Yunfeng Capital co-led a 1 billion yuan funding round for robotics startup Spirit AI, part of three rounds in two months that raised nearly 3 billion yuan total and pushed its post-money valuation past 10 billion yuan.

Shenzhen Capital Group Co. Ltd.: Shenzhen Capital Group Co. Ltd. co-led a funding round worth hundreds of millions of yuan for LLM startup ModelBest, as announced Tuesday.

Shenzhen Inovance Technology Co. Ltd.: Shenzhen Inovance Technology Co. Ltd.'s investment arm co-led a funding round worth hundreds of millions of yuan for Chinese LLM startup ModelBest, alongside Shenzhen Capital Group Co. Ltd.

Guotai Junan Innovation Investment Co. Ltd.: Guotai Junan Innovation Investment Co. Ltd. participated as a backer in LLM startup ModelBest's recent funding round, worth hundreds of millions of yuan, co-led by Shenzhen Capital Group Co. Ltd. and Shenzhen Inovance Technology Co. Ltd.'s investment arm.

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