Business Brief (Aug. 27): China to Accelerate Emerging Industries

Published: Aug. 27, 2026 6:03 p.m. GMT+8

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China to prioritize emerging industries

The Ministry of Industry and Information Technology announced that during the 15th Five-Year Plan period, China will accelerate the development of emerging pillar industries, including integrated circuits, aerospace, biomedicine, the low-altitude economy, novel energy storage and smart robots.

The ministry also aims to promote future industries such as quantum technology, biomanufacturing, hydrogen and nuclear fusion energy, brain-computer interfaces, embodied AI and 6G as new drivers of economic growth.

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China will accelerate emerging pillars (integrated circuits, aerospace, biomedicine, low-altitude economy, energy storage, smart robots) and future sectors (quantum, biomanufacturing, hydrogen, fusion, brain-computer interfaces, embodied AI, 6G) in the 15th Five-Year Plan.
Anthropic reportedly targets an October IPO at $2–3 trillion valuation, claiming a $30 trillion TAM—topping SpaceX’s $1.77 trillion record.
Also: OpenAI showcased inference chips; Xi to attend 2026 SCO summit; Canada unified by U.S. trade war; U.S. suspended immigrant visa processing.

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Who’s Who

Anthropic: Anthropic, an AI startup, targets a record IPO with a total addressable market exceeding $30 trillion. It plans to go public as early as October, aiming for a $2–3 trillion valuation. If realized, it would surpass SpaceX’s $1.77 trillion listing, becoming the largest IPO in global commercial history.

SpaceX: SpaceX disclosed a total addressable market of $28.5 trillion during its listing. Its IPO valuation reached $1.77 trillion, a record that Anthropic aims to surpass with a potential $2–3 trillion valuation.

OpenAI: According to the article, OpenAI showcased the results of its self-developed inference chips as it seeks to compete with Nvidia.

Nvidia: Nvidia is mentioned as the competitor OpenAI seeks to challenge with its self-developed inference chips. The article highlights Nvidia's prominence in the AI chip market, as OpenAI aims to reduce reliance on its technology. No further details about Nvidia are provided in the content.

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