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On August 11th, the Shanghai Municipal Commission of Economy and Informatization issued the "15th Five-Year Plan for the Development of Shanghai's Software and Information Service Industry." The plan emphasizes tackling next-generation model architectures and promoting the exploration of multiple technical routes based on non-Transformer architectures such as state-space models, recurrent neural network variants, and liquid neural networks. It also calls for accelerating the development of cutting-edge basic model technology systems such as physical intelligence, world models, quantum intelligence, and brain-like intelligence. Furthermore, it emphasizes tackling the networking technology of ultra-large-scale intelligent computing power clusters, focusing on core components such as high-performance computing chips (GPUs/NPUs), quantum computing chips (QPUs), high-speed optical interconnects (CPOs), high-bandwidth memory (HBMs), and heterogeneous servers to enhance the supply capacity of intelligent computing hardware and promote the deep integration of domestically developed chips with mainstream large-scale models. Finally, it focuses on new storage and retrieval technologies, digital-model collaboration, and breakthroughs in key technologies such as high-precision heterogeneous processing, native multimodal fusion, and dynamic value alignment to build automated complex reasoning covering the entire lifecycle of corpora.

August 11th - According to a recent report from Omdia, as demand from smartphone manufacturers slows and memory prices rise, smartphone makers have significantly reduced their production plans. Meanwhile, display panel manufacturers are shifting excess capacity to the repair and refurbished smartphone market, driving rapid growth in display panel shipments in this market. Statistics show that in the first quarter of 2026, display panel shipments in the repair and refurbished smartphone market increased by 20% year-on-year, reaching 298 million units, exceeding for the first time the shipments of display panels to smartphone manufacturers (289 million units) during the same period.

According to Al Jazeera, the death toll from the war in the Gaza Strip has reached 73,387.

On August 11, two residential land parcels in Beijing were auctioned off. Located in Fangshan District and Shunyi District respectively, the total planned above-ground construction area is approximately 103,200 square meters. The total starting price was 1.663 billion yuan. Ultimately, both parcels were sold at the reserve price. The winning bidders were PowerChina Real Estate and Beijing Yinsheng Panmei, respectively, with a total transaction amount of 1.663 billion yuan.

Fitch: The US-Iran conflict still carries residual risks, but is not expected to pose a lasting threat to India's economic growth prospects.

Fitch: Despite headwinds from energy shocks, the Indian economy remains strong.

Fitch: India’s rating reflects its strong economic growth prospects and solid external financing fundamentals.

The onshore yuan closed at 6.7457 against the US dollar at 16:30 on August 11, down 15 points from the previous trading day.

Li Auto (02015.HK): The company will announce its financial results for the second quarter of 2026 on August 26, 2026.

Al Jazeera’s live broadcast on the 11th showed that a Syrian court sentenced former President Bashar al-Assad to death in absentia.

August 11th - According to meteorological forecasts and assessments by the Geological Disaster Technical Guidance Center of the Ministry of Natural Resources, affected by the remnants of Typhoon Dolphin (No. 13), parts of Beijing will experience heavy rainfall over the next three days, with a high risk of geological disasters in parts of southwestern and northeastern Beijing. The Ministry of Natural Resources activated a Level IV geological disaster prevention response for Beijing at 3 PM on August 11th.

August 11th - According to Guangzhou South Railway Station, the 2026 summer railway travel season, which began on July 1st, has lasted 39 days as of August 8th. Guangzhou South Station has handled a total of 20.8629 million passengers, with an average daily passenger volume of 534,900. Specifically, 10.5162 million passengers departed and 10.3467 million passengers arrived, both exceeding 10 million passengers.

On Tuesday, August 11, the Hang Seng Index closed down 284.67 points, or 1.1%, at 25,652.82; the Hang Seng Tech Index closed down 95.04 points, or 1.93%, at 4,824.42; the H-share Index closed down 93.74 points, or 1.09%, at 8,528.1; and the Red Chip Index closed down 20.92 points, or 0.5%, at 4,121.93.

On August 11th, the China Passenger Car Association (CPCA) projected that the passenger car market in August 2026 would exhibit a trend of "weak overall recovery and strong structural differentiation." With 21 working days for production and sales coinciding with the off-season due to high temperatures, the recovery in the terminal market was slow. Multiple macroeconomic and industry factors intertwined to shape the market landscape. Affected by the disruption to navigation in the Strait of Hormuz, international oil prices fluctuated upwards in July, leading to two rounds of cumulative increases in domestic refined oil prices of nearly 985 yuan/ton. This significantly raised the cost of using and maintaining gasoline-powered vehicles, continuously suppressing consumers' willingness to purchase them. The continued weakening demand for traditional gasoline-powered vehicles became a core external positive factor for the counter-trend growth of new energy vehicles, continuously expanding the growth space for new energy vehicle models in both domestic and overseas markets.

On August 11th, it was reported that in July, the retail penetration rate of new energy vehicles (NEVs) in the overall passenger vehicle market in China reached 65.1%, an increase of 11.6 percentage points year-on-year and 2.1 percentage points month-on-month. In July, the NEV penetration rate among domestic brands was 83.8%; among luxury brands, it was 30.9%; while among mainstream joint venture brands, it only rose to 13.7%. Looking at the monthly domestic retail market share of NEVs, in July, domestic brands held a 64.6% share, a year-on-year decrease of 5.3 percentage points; mainstream joint venture brands held a 4.5% share, a year-on-year increase of 0.9 percentage points; and emerging electric vehicle (EV) brands held a 26.8% share, with brands such as Leapmotor and NIO contributing a 5.4 percentage point year-on-year increase in their market share.

Lebanon's Ministry of Health: An Israeli drone strike in Nabatieh injured two people.

Italy's trade deficit with the EU in June was €1.577 billion, compared to €845 million in the previous month.

Italy's trade balance in June was €4.232 billion, compared to €4.793 billion in the previous month.