The forefront of going global | China and the UK are set to sign outcome documents on trade and investment cooperation; Dubai's "Silicon Valley" to u
Major Overseas Expansion Events
China and the UK to Sign Outcome Documents on Trade and Investment Cooperation
UK Prime Minister Keir Starmer will pay an official visit to China from January 28th to 31st. A spokesperson for China's Ministry of Commerce said on the 27th that during the visit, the Ministry of Commerce plans to sign outcome documents on trade and investment cooperation with the UK side, aiming to create new growth points for China-UK economic and trade cooperation. It is reported that Starmer will be accompanied by executives of more than 50 large British enterprises and representatives of institutions, covering advantageous fields in the UK such as finance, medicine, manufacturing, culture, and creativity. The spokesperson said that China attaches great importance to economic and trade cooperation with the UK and is actively preparing for the economic and trade outcomes of this visit and the 2026 China-UK Business Council meeting. Chinese and British enterprises are actively participating. Currently, more than 100 enterprise representatives have signed up. (China News Service)
Central Banks of China and Sri Lanka Sign Cooperation Memorandum on RMB Clearing Arrangement
On January 28th, reporters learned from the People's Bank of China that recently, the People's Bank of China and the Central Bank of Sri Lanka signed a cooperation memorandum on establishing an RMB clearing arrangement in Sri Lanka. The establishment of the RMB clearing arrangement in Sri Lanka will facilitate Chinese and Sri Lankan enterprises and financial institutions to use RMB for cross-border transactions, further promoting bilateral trade and investment facilitation. (CCTV News)
Shenzhen: Vigorously Develop Inbound Consumption
Five departments including the Shenzhen Market Supervision and Administration Bureau issued the "Three-Year Action Plan for Optimizing the Consumption Environment in Shenzhen (2026 - 2028)". It proposes to vigorously develop inbound consumption. Make full use of the opportunity of hosting the APEC meeting to conduct comprehensive urban marketing through multiple channels. Collaborate with Hong Kong, Macao, and cities on the east and west banks of the Pearl River Delta to launch inbound tourism products such as "one trip, multiple stops" joint tours for overseas tourists. Create high-quality tourism routes and hotel clusters with Shenzhen characteristics. Promote the international upgrade and intelligent transformation of the city's tourist service centers. Make good use of the 240-hour transit visa-free policy, implement the "Doubling Plan" for tax refunds for outbound tourists. Select more tax refund stores at transportation hubs such as airports and high-speed railway stations, expand the coverage of the "instant refund" service, expand the inbound pick-up function of downtown duty-free stores, enrich the supply of high-quality duty-free and tax-refunded goods, promote convenient models such as "one receipt, one package, one code", simplify the tax refund process, and optimize the tax refund service. (36Kr)
New Market Observations
Probability of the Fed Keeping Interest Rates Unchanged in March at 86.6%
According to the CME "FedWatch", the probability of the Fed cutting interest rates by 25 basis points by March is 13.4%, and the probability of keeping interest rates unchanged is 86.6%. The probability of the Fed cutting interest rates by a cumulative 25 basis points by April is 25.5%, the probability of keeping interest rates unchanged is 72.2%, and the probability of a cumulative 50 basis point cut is 2.2%. (Caixin Press)
German Government Lowers 2026 Economic Growth Forecast to 1%
The German federal government released its annual economic report on January 28th, predicting that the German economy will grow by 1% in 2026, a 0.3 percentage point reduction from the forecast in the autumn of last year. German Federal Minister for Economic Affairs and Climate Action Katrin Göring-Eckardt said at the report release conference that one of the main reasons for the downward revision of the forecast is the weaker-than-expected economic recovery in the second half of 2025. In addition, the economic stimulus effect of the federal government's large-scale fiscal expenditures in areas such as infrastructure and national defense has also fallen short of expectations. (Xinhua News Agency)
Dubai's "Silicon Valley" to Undergo a $3.5 Billion Expansion to Build a Future Technology Innovation Base in All Fields
The United Arab Emirates announced the launch of the expansion project of Dubai Silicon Oasis with an investment of $3.5 billion. The expansion plan includes two major projects: the IO area and Block 14. The investment in the IO area reaches $3 billion, focusing on providing infrastructure to promote the development of future technologies, aiming to optimize Dubai's R & D and innovation system. The total investment in the first phase of Block 14 is $500 million, which will serve as a residential living area offering high-quality experiences. (Caixin Press)
Company News
Tesla Sold $430 Million Worth of Megapack Batteries to xAI in 2025
Tesla disclosed in a financial filing on Thursday that it sold $430 million worth of Megapack batteries to Elon Musk's artificial intelligence startup xAI in 2025. The filing shows that this sales volume to xAI accounts for about 3.4% of Tesla's energy business revenue. Tesla's energy business revenue increased by 27% year-on-year in 2025, rising from $10.1 billion in 2024 to $12.8 billion. (Sina Finance)
Cosmo Becomes the World's First AI Education Institution to Obtain Full School-Level Accreditation from WASC
Recently, Cosmo, a Silicon Valley AI education technology brand, announced that it has officially passed the full school-level accreditation (Accredited) of the Western Association of Schools and Colleges (WASC), becoming the world's first AI education institution to obtain this level of accreditation. It is understood that public information shows that Shuai Ke, a co-founder of Yuanfudao, resigned in 2024 to found Algorithm of Learning Inc and completed early-stage financing. Cosmo is one of the core businesses of the company, mainly targeting the US and Canadian markets before. (36Kr)
Kimi's Overseas Revenue Exceeds Domestic Revenue, with a Fourfold Increase in Global Paying Users
Recently, Kimi said in a communication with investors that the company's overseas revenue has exceeded its domestic revenue. After the release of the new model K2.5, the number of global paying users has increased fourfold. Following the release of the previous-generation model K2, K2.5 has continued to trigger an overseas boom. On Openrouter, K2.5 has ranked third, only after Claude Sonnet 4.5 and Gemini 3 Flash. (36Kr)
Industry Trends
CITIC Securities: Overseas AI Narrative May Return to an Optimistic Scenario
A research report by CITIC Securities states that recently, the demand for overseas inference and training computing power has been strong, and both Amazon Web Services and Google Cloud have raised their prices. On the inference side, Agent products such as MoltBot (formerly ClawdBot) and Claude Code are accelerating their implementation, significantly increasing the demand for cloud computing resources. Since the beginning of 2026, the Token call volume has been growing at a high speed for 2 - 3 consecutive weeks. On the training side, models such as Grok - 5 and Veo4 are still continuously iterating, and the industry is continuously exploring the Scaling ceiling, thus supporting the demand for training computing power. Although the visibility of large - scale commercial implementation of current AI applications is still insufficient, looking ahead to the next 3 - 6 months, with the intensive catalysis of AI application implementation on the inference side and the continuous iteration of models on the training side, CITIC Securities predicts that the demand for computing power is still expected to rise further. Once the demand for computing power is confirmed during the US stock earnings season, the concern of the "computing power bubble theory" that has suppressed the sentiment and valuation of the computing power sector in the early stage is expected to be alleviated periodically, and the computing power industry chain may迎来 a new round of growth. (Caixin Press)
Elon Musk: The Biggest Competitors in the Humanoid Robot Field Will Come from China
On January 28th local time, Tesla CEO Elon Musk said at the earnings conference that Grok of xAI can be used to manage Tesla's autonomous driving fleet or a large number of Optimus robots, and Grok will become the "conductor" of the whole system. Musk pointed out that without AI chips, Optimus robots would be "completely useless". Musk said that the biggest competitors in the humanoid robot field come from China, which has strong manufacturing capabilities. "We haven't found any other important competitors except China," Musk said. "China's robot technology has reached a new height." (Jiemian News)
The High - Growth Trend of the Memory Chip Industry Will Continue in 2026, and Global Manufacturers Are Busy Expanding Production
As the performance forecasts of listed companies for 2025 enter the peak period, the growing profitability of companies in the memory chip industry chain has become a highlight in the market. It is found that the main reason for the performance growth of memory chip companies is that driven by the development of the AI and computing power industries, the industry has entered a high - growth cycle and product prices have continued to rise. Reporters learned from interviews that globally, the high - growth trend of the memory chip industry will continue in 2026, and price increases are expected to continue throughout the year. In particular, driven by AI demand, the high - growth trend of the HBM (High - Bandwidth Memory) track is expected to continue until 2028. Seizing the opportunity of the high - growth cycle, memory - related listed companies have also entered the production expansion cycle. In addition to leading companies such as Samsung and Micron, A - share companies such as BAWAN Storage, FORESEE, Deminli, and GigaDevice are also actively expanding production, while companies such as Puya Semiconductor are accelerating mergers and acquisitions to strengthen their main business. With the increase in capital expenditure and the acceleration of production expansion of "Two Longs" (YMTC and CXMT), China's memory industry is developing rapidly, and the entire industry chain is facing unprecedented investment opportunities. (Shanghai Securities News)
This article is from the WeChat official account "Comprehensive Service Port for Zhejiang Enterprises Going Global", author: Zhejiang Enterprises Going Global.
