Flash News

TREE NEWS reports: China’s railways are expected to carry 18.9 million passengers today, with 910 extra trains added, as National Day holiday travel stays elevated. Highway traffic is projected at 62-64 million vehicle trips, mostly short- and medium-distance, while civil aviation expects 2.25 million passengers on 18,019 flights. Waterway passenger volume is forecast at 2.1 million, up 9.1% year on year.

TREE NEWS reports: China Export & Credit Insurance Corporation underwrote $854.18 billion in the first eight months of the year, up 12.6% year on year, as it expanded export credit insurance coverage. The insurer served 251,000 clients during the period, a 5.2% increase from a year earlier.

TREE NEWS update: China’s first deepwater oilfield, Liuhua, has produced more than 2 million tonnes of crude oil from its secondary development project, CCTV reported today. Cumulative output from the field has now topped 40 million tonnes, with daily production reaching its highest level in the 22 years since it came onstream.

TREE NEWS update: Two US officials said on October 2 that Saudi Arabia and Yemeni government forces are planning a large-scale offensive against the Houthis within the coming days. No further details on the timing, scale or targets of the operation were given.

TREE NEWS reports: A co-pilot suspected of stabbing the captain during a cockpit altercation on a Dubai airline passenger jet has admitted during the investigation that his intent was to “crash the plane in Israel,” sources said. The incident involved a Dubai airline carrier. No further details on the flight, date or charges were provided.

TREE NEWS update: Brazil’s Federal Police said on October 2 they carried out search warrants in Brasilia and Sao Paulo as part of an investigation into an alleged plot to attack the US embassy and consulates in Brazil. Officers acted against two suspects, seizing their computers and phones for forensic analysis. The investigation remains under seal. The US embassy and consulates suspended in-person consular services the same day over “security issues,” and Australia’s embassy in Brazil also closed.

TREE NEWS update: China’s Ministry of Commerce announced on Oct. 3 that it has launched an anti-dumping investigation into p-nitrotoluene imported from the European Union. The dumping investigation period runs from July 1, 2025 to June 30, 2026, while the injury investigation period covers Jan. 1, 2022 to June 30, 2026. The probe covers p-nitrotoluene originating in the EU.

TREE NEWS update: China Railway Shanghai Group expects to carry 3.72 million passengers across the Yangtze River Delta on Friday, adding 105 extra trains. Since the Mid-Autumn and National Day holiday transport period began on Sept. 23, the region’s railways had sent 33.505 million passengers through Oct. 2, averaging about 3.35 million a day. On Oct. 1, the first day of the National Day holiday, passenger volume hit 4.427 million, beating the 4.205 million record set on Oct. 1, 2025.

TREE NEWS update: G20 trade ministers met in Milwaukee from Sept. 30 to Oct. 1, agreeing a joint statement on food security but issuing no outcome document on other agenda items, including overcapacity, forced labour and most-favoured-nation reform. China’s international trade representative and Vice Commerce Minister Li Chenggang attended, calling on members to uphold multilateralism and the WTO-centred trading system and to safeguard the MFN principle.

TREE NEWS reports: China’s electricity trading institutions completed 5.18 trillion kilowatt-hours of transactions in January-August 2026, up 19.2% year on year, the National Energy Administration said. Intra-provincial trades rose 21.5% to 4.0264 trillion kWh, while inter-provincial and cross-regional trades reached 1.1536 trillion kWh, up 12.1%. Medium- and long-term contracts accounted for 4.6173 trillion kWh and spot trades 562.7 billion kWh; green power trading totaled 218.2 billion kWh, up 6.1%.

TREE NEWS update: Saudi Arabia’s civil defense said on the early hours of the 3rd that debris from a ballistic missile launched by Yemen’s Houthis on the 2nd fell in Ahad Rafidah county, Asir province, in southern Saudi Arabia, injuring one person. The falling debris also damaged a building and several vehicles.

TREE NEWS reports: Vietnam posted a trade surplus of $1.271 billion in September, swinging from a revised deficit of $113 million in the previous month. The turnaround marks a sharp improvement in the country’s external position for the month.

TREE NEWS reports: Vietnam’s imports in September grew 45.8% year-on-year, up from a 37.9% increase in the previous reading. The acceleration marks a sharp pickup in inbound shipments for the Southeast Asian manufacturing hub.

TREE NEWS reports: Vietnam’s economy grew 9.95% year-on-year in the third quarter, accelerating from 8.39% in the previous quarter. The reading marks a sharp pickup in headline growth for the Southeast Asian economy, whose prior-quarter figure stood at 8.39%.

TREE NEWS update: US President Donald Trump said the United States will soon fill its Strategic Petroleum Reserve with Venezuelan oil. The remark, made without further detail, points to Venezuelan crude as a supply source for the US emergency stockpile. No timeline or volume was given.

TREE NEWS update: US President Donald Trump said on the 2nd that the war with Iran will end “very soon,” adding that Iran will never obtain nuclear weapons. He made the remarks as the conflict between Washington and Tehran continues.

TREE NEWS reports: China recorded an estimated 300 million cross-region passenger trips on the second day of the National Day holiday, with short- and medium-distance travel rising notably. Road trips accounted for more than 280 million of the total, while railways were expected to carry 20.4 million passengers. Rail authorities added intercity services to handle concentrated short-haul holiday demand.

TREE NEWS update: The Saudi-led multinational coalition intercepted and destroyed three ballistic missiles fired by Yemen’s Houthi forces at the southwestern Saudi city of Khamis Mushait, coalition spokesman Turki al-Maliki said on social media on the 2nd. No further details were given.

TREE NEWS update: Federal Reserve official Hammack said the FOMC still has time to evaluate economic data ahead of its October monetary policy meeting. The remark signals the committee is not yet locked into a rate decision for that gathering. No specific data points or policy guidance were given.

TREE NEWS update: The US Coast Guard said it intercepted a cargo ship in the Caribbean in early September that it accused of illegally transporting fuel to Cuba. Coast Guard personnel boarded the vessel and escorted it to Progreso port on Mexico’s northern Yucatan Peninsula, where the Mexican Navy confirmed a large quantity of fuel in its ballast tanks. Containers believed to hold the “illegal fuel” were also aboard. The Coast Guard said it seized another ship suspected of carrying illegal fuel to Cuba earlier this summer.