China is stepping up support for intelligent manufacturing, emerging industries and advanced manufacturing, with Premier Li Qiang urging stronger technology assessment, basic research, venture capital and patient capital. The country also outlined new targets for light industry, private investment, BeiDou and artificial intelligence, while Alibaba announced plans for more than 20GW of global data-center capacity by 2032. Markets focused on shifting US-Iran tensions, which sent oil prices lower as reports suggested Iran could reopen the Strait of Hormuz within seven days if Washington eases military pressure. Chinese and US equity indexes were mixed, while companies announced major projects in batteries, semiconductor packaging, GPU computing and automotive distribution. Regulators and ministries also advanced antitrust, food-safety, cultural-tourism and computing-infrastructure initiatives.