Electrification & Mobility▲
Money supply M2 up 8% at end of June 2026, missing market expectations
Money supply M2 at the end of June 2026 rose 8% from a year earlier, missing market expectations. In other news, Yuexiu Property secured a 1 billion yuan credit facility, and Great Wall Motor announced its interim results for June 2026 are expected to show a 60% profit decline. Xiaomi's humanoid robot has improved its factory task success rate to 98%, and the company launched its new smartphone, the Redmi Note 17, starting at 1,299 yuan. Alibaba unveiled its real-time voice conversation model, Qwen-Audio-3.0-Realtime, and it was reported that DeepSeek's annualized revenue could approach 500 million US dollars. China's retail sales in the first half of 2026 rose 1.3%, while real estate development investment fell 18.0%, and new home prices declined in 49 of 70 cities in June.