World Economic Forum added 16 factories to its global lighthouse list; eight are
in China. Lu Caiyun, chair of UBS Wealth Management Asia, said UBS is bullish on
China’s semiconductor and AI supply chains, citing AI infrastructure build-out,
policy support, rising AI capex and chip localization. Paul Gruenwald, chief
economist at S&P Global Ratings, said China remains the largest contributor to
global growth and has climbed the value chain, notably in clean-energy
technologies. Pang Anze, president and chief sustainability officer of IKEA
China, said China is the world’s second-largest home-furnishing market and
expects gradual growth supported by the 15th Five-Year Plan and consumption
measures.
