China's tech self-reliance accelerates

Chinese AI models force US labs to slash prices; CXMT IPO surges 466%; Nvidia's China share collapses to 8% as Huawei scales. Moore Threads plans Hong Kong listing. US proposes 'rolling technical threshold' to limit China's AI compute. WAIC 2026 highlights shift to system-level AI optimization and humanoid robots nearing commercial deployment. Foreign financial institutions bullish on China's hard-tech.