Beijing released the Digital Economy Development Report (2025–2026). The city’s digital economy value exceeded 2.4 trillion yuan in 2025, up 8.7% YoY and equal to 46.4% of GDP. Beijing ranked second in a global digital-economy benchmark cities index with a score of 0.770. Beijing’s AI leadership consolidated: the 2025 AI core industry was roughly 450 billion yuan, the city hosts over 2,500 related firms, and 225 large models were registered as of April 2026; model innovation and industry applica

Everbright Securities says leading Chinese fluorochemical firms are accelerating deployment of fluorinated new materials to build a second growth curve. In semiconductors, domestic high‑purity (G5) electronic‑grade hydrofluoric acid — long dominated by Japanese and US suppliers — has cleared certification at leading domestic and international wafer foundries and moved into volume production. Rapidly rising compute from AI, HPC and hyperscale data centers is increasing heat density, weakening air‑cooling effectiveness and boosting liquid‑cooling adoption, supporting demand for perfluoropolyether (PFPE) and other high‑performance fluorinated coolants. PFPE’s insulating, non‑flammable and superior thermal properties make it essential for immersion and other high‑safety, high‑power cooling applications. These trends are driving fluorochemical companies toward higher‑tech, higher‑margin product mixes.

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