Flash News

TREE NEWS update: China’s Foreign Ministry said it opposes the smearing and stigmatization of Confucius Institutes after the United States last week added them to a “threat list.” Spokesperson Guo Jiakun told a regular press briefing that educational exchanges between China and the US are two-way and mutually beneficial and should not be disrupted. He was responding to a reporter’s question on the US move.

TREE NEWS update: Chinese Foreign Ministry spokesperson Guo Jiakun said China congratulates Luiz Inácio Lula da Silva on his victory in the second round of Brazil’s presidential election, after the country’s Superior Electoral Court announced the result. Guo told a regular press briefing that China is ready to work with Brazil to continue building a China-Brazil community with a shared future.

TREE NEWS update: The Democratic Republic of the Congo’s National Institute of Biomedical Research reported 9,964 confirmed Ebola cases and 4,841 deaths as of October 24, with the fatality rate rising to 48.6%. The figures were released on October 26 as the country’s current outbreak continues to spread.

TREE NEWS reports: Wuhan’s gross domestic product for the first three quarters reached 1.671443 trillion yuan, up 5.6% year on year at constant prices, the city’s statistics bureau said. The primary sector added 35.82 billion yuan, up 3.3%, the secondary sector 561.372 billion yuan, up 10.3%, and the tertiary sector 1.074251 trillion yuan, up 3.3%.

TREE NEWS reports: Wuhan’s integrated circuit wafer output rose 36.8% year-on-year in the first three quarters, with tablet computer output up 33.0% and smart TV output up 16.8%, the city’s statistics bureau said. Industrial value added for enterprises above designated size grew 17.5% in the period, 2.1 percentage points faster than in the first half, while computer, communications and other electronic equipment manufacturing jumped 98.2%.

TREE NEWS update: UK Prime Minister Burnham said he will not propose rejoining the European Union during the current parliamentary term. He added that he hopes to see the UK rejoin the EU within his lifetime. The remarks set out the government’s position on EU membership for this parliament while signaling a longer-term personal view.

TREE NEWS reports: Egypt’s benchmark stock index dropped 1.5% in early trading. The decline marks a weak start to the session for Egyptian equities.

TREE NEWS update: US Democratic Representative Jason Crow said on October 25 that SpaceX CEO Elon Musk holds “too much control” over systems relied on by the US military and allies, after Ukraine’s military Starshield communications service was throttled. Crow said Musk’s position as a private company head allowed him to influence battlefield conditions and lives, and that this should never happen. Crow said he and several other lawmakers signed a letter to President Trump demanding an explanation.

TREE NEWS update: UK Prime Minister Burnham has ruled out the possibility of holding an early general election. The statement, reported on the current date, indicates the government will not call a snap vote. No further details or timeline were provided.

TREE NEWS update: Ukrainian President Volodymyr Zelensky on the 26th submitted legislation to Ukraine’s Verkhovna Rada to extend martial law and general mobilization for a further 90 days, through January 28, 2027. The bill requires parliamentary approval to take effect.

TREE NEWS reports: Israeli Prime Minister Benjamin Netanyahu and Israel Defense Forces Chief of Staff Eyal Zamir have engaged in an “unprecedented confrontation” over Iran. Netanyahu issued an undisclosed military action order that Zamir refused to carry out, the reports said. The rift marks a rare public rupture between the prime minister and the military’s top commander.

TREE NEWS reports: China’s treasury futures closed higher on the day, with the 30-year main contract rising 0.29%. The 10-year main contract gained 0.02%, while the 5-year and 2-year main contracts each added 0.01%.

TREE NEWS update: Hohhot’s total computing capacity has reached 165,000 PFlops following the delivery and commissioning of Phase II of Parallel Technology’s Inner Mongolia new computing power base, the city’s infrastructure build-out hitting a stage milestone. The figure covers all computing capacity in the city, which said the project marks a breakthrough in both infrastructure construction and industrial clustering.

TREE NEWS reports: Viettel has been negotiating with ASML for months over chipmaking equipment but has yet to reach an agreement, and satellite imagery and site visits show no factory buildings have been constructed at Vietnam’s chip plant project. The findings cast doubt on Vietnam’s goal of starting trial chip production by the end of 2027.

TREE NEWS reports: Shenzhen’s medium- and long-term loans to four computing-related manufacturing and utilities sectors rose by more than 100 billion yuan in 2026 through the end of September. The same four sectors — computers and communications equipment, special-purpose equipment, general equipment, and power and heat production — helped drive the city’s overall medium- and long-term loan growth, with information transmission, software and IT services adding over 100 billion yuan, more than 30% of the city’s total increase.

TREE NEWS update: Icelandic Foreign Minister Thorgerdur Katrin Gunnarsdottir will visit China from October 26 to 31 at the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, a Foreign Ministry spokesperson announced. The visit was confirmed in a statement on the ministry’s website.

TREE NEWS reports: Gold (XAU) traded at about $4,021.5 on Oct. 26, up 0.57% in 24 hours, while silver (XAG) stood near $54.35, up 1.34%, as both metals rebounded modestly. Gate’s XAU perpetual futures volume reached about $179 million, up 124.59%, and its XAG contracts totaled roughly $123 million, up 189.21%, with both ranking second globally by turnover, CoinGlass data show. Open interest stood at $446 million for XAU and $163 million for XAG.

TREE NEWS reports: Combined turnover on the Shanghai and Shenzhen stock exchanges reached 1.608793 trillion yuan on October 26. The Shanghai market accounted for 746.528 billion yuan, while the Shenzhen market contributed 862.265 billion yuan. Turnover on the ChiNext board totaled 429.672 billion yuan.

TREE NEWS update: China’s National Energy Administration said on October 26 that cumulative installed wind and solar power capacity reached 2.01 billion kilowatts as of the end of September 2026. Solar accounted for 1.31 billion kilowatts and wind for 700 million kilowatts. The milestone marks a doubling of the country’s combined renewable generation base.

TREE NEWS reports: China’s total installed power generation capacity reached 4.13 billion kilowatts by the end of September, up 11.2% year-on-year, the National Energy Administration said. Solar capacity rose 16.5% to 1.31 billion kW, while wind capacity climbed 20.4% to 700 million kW. Average utilization of power generation equipment fell 194 hours to 2,174 hours in the first nine months.