Chinese-made Volvo cars are seen alongside containers before being loaded onto ships for export at the port in Nanjing, in China's eastern Jiangsu province on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A coal-fired power plant is seen in Zhenjiang, in China's eastern Jiangsu province on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Ships are seen under construction at a shipyard on the Yangtze river in Yangzhou, in China's eastern Jiangsu province, on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Ships are seen under construction at a shipyard on the Yangtze river in Yangzhou, in China's eastern Jiangsu province, on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Ships are seen at a shipyard on the Yangtze river in Yangzhou, in China's eastern Jiangsu province, on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Ships are seen at a shipyard on the Yangtze river in Yangzhou, in China's eastern Jiangsu province, on July 15, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

The Kioxia chipmaker factory for artificial intelligence data centres is seen in Kitakami, Iwate Prefecture on July 3, 2026. While Kioxia is barely known outside the tech industry, its share price has soared more than 500 percent this year, and in June it sped past auto titan Toyota to briefly become the largest Japanese firm by market capitalisation. The global race to build AI data centres has turbocharged business for chipmakers, creating shortages and sending prices soaring for memory components in particular. (Photo by Katie Forster / AFP via Getty Images) / To go with AFP story Japan-semiconductors-manufacturing-stocks-AI-Kioxia by Katie Forster

A high-rise building under construction (C) is pictured in Tianjin on July 14, 2026. (Photo by ADEK BERRY / AFP via Getty Images)