China PBOC Adviser: Boost Consumption
**Reminder earlier: (CN) World Economic Forum China ("Summer Davos") conference: Hyperscaler/AI infrastructure capex expected to exceed $820B in 2026, with cited outlays of Amazon ~$200B, Alphabet ~$190B and Microsoft ~$190B; including buybacks and related spend, the figure was framed as approaching ~$1T this year and on a multi-trillion-dollar path.
**Reminder earlier: (CN) World Economic Forum China ("Summer Davos") conference: Hyperscaler/AI infrastructure capex expected to exceed $820B in 2026, with cited outlays of Amazon ~$200B, Alphabet ~$190B and Microsoft ~$190B; including buybacks and related spend, the figure was framed as approaching ~$1T this year and on a multi-trillion-dollar path.