Flash News

TREE NEWS update: Chinese authorities identified 58 geological hazard sites along the G216 rescue route in Gyirong, Tibet, with 7 classified as high-risk. The assessment underscores challenges for ongoing rescue operations in the earthquake-hit region.

TREE NEWS update: China announced the establishment of the Asia-Pacific Artificial Intelligence Empowering SME Development Cooperation Center in Guangzhou on September 4, during the 32nd APEC SME Ministerial Meeting. The center invites all APEC economies to participate in its construction.

TREE NEWS reports: The International Monetary Fund now acknowledges that donations funded El Salvador’s Bitcoin adoption, reversing its earlier claim that the reserve had not moved and was merely shuffling coins between government wallets. The revised stance marks a shift in the IMF’s assessment of the country’s Bitcoin strategy.

TREE NEWS update: State Grid chairman Zhang Zhigang met China Huaneng chairman Bai Yong on Sept 4 to discuss deepening cooperation on the 15th Five-Year Plan, focusing on power supply, energy security, carbon peak goals, new power systems, and tech innovation. Both sides pledged to jointly advance high-quality energy and power development.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a symposium on September 3 for central enterprises’ industry common technology research institutes. The meeting stressed the need to accurately define their functional positioning, strengthen public welfare attributes, and focus on industry development, market demand, and frontier technologies. It called for enhancing applied basic research, accelerating technology iteration through industry application scenarios, and setting scientific value goals, including training young talent.

TREE NEWS update: The US August non-farm payrolls report, including employment change, unemployment rate, and average hourly earnings, will be released at 20:30 Beijing time, alongside Canada’s August employment report. Markets await the data for clues on the Fed’s policy path.

TREE NEWS update: Pinglu Canal will officially open four passenger routes on its first day of navigation, connecting Xinfu service area to Pingtangjiang Estuary, Madou Hub, Qinzhou service area to Qingnian Hub, and Longmen Bridge. All four routes have obtained both the Domestic Water Transport Business License and Ship Operating Transport Certificate, ensuring legal operation.

TREE NEWS update: Li Xingqian, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with Magda Chambriard, president and CEO of Brazil’s Petrobras, in Beijing to discuss enhancing China-Brazil energy cooperation, facilitating foreign firms’ development in China, and promoting industrial chain integration. Brazilian Ambassador to China Gao Wang also attended the meeting.

TREE NEWS update: Tan Ganming, former deputy secretary of the Yichun Municipal Party Committee and former mayor of Yichun City, is under disciplinary review and supervision investigation by the Jiangxi Provincial Commission for Discipline Inspection and Supervision. Tan voluntarily confessed to serious disciplinary and legal violations. The case underscores ongoing anti-corruption efforts in Jiangxi province.

TREE NEWS update: China has expanded its national satellite navigation positioning base station network to 7,569 stations, boosting BeiDou large-scale applications. The stations include 420 national, 3,293 provincial, and 3,856 collaborative ones, forming a unified national network for high-precision spatiotemporal services across sectors like urban planning, ecological protection, and disaster warning.

TREE NEWS reports: The Baltic Dry Index gained 4.01% to reach 3,628 points on the latest trading session. The increase reflects firming demand for dry bulk shipping, with capesize and panamax rates contributing to the advance. The index tracks global shipping costs for major raw materials.

TREE NEWS reports: Hedge fund giant Citadel is planning to acquire US shale oil production assets. The move signals growing interest from financial investors in energy infrastructure. No financial details or timeline have been disclosed.

TREE NEWS update: A landslide in Gyirong County, Tibet, has killed 31 people and left 531 missing. The disaster struck on Sunday, triggering rescue efforts. The exact cause of the landslide is under investigation.

TREE NEWS update: French Health Minister Stéphanie Risté said on September 4 that around 7,000 excess deaths occurred during this summer’s heatwaves through the end of July. Final statistics will be published in the coming weeks. Earlier estimates put excess deaths at 5,764 between June 17 and July 2.

TREE NEWS update: Hubei Energy announced plans to invest about 8 billion yuan in clean energy and related industrial chain projects in Enshi Prefecture during the 15th Five-Year Plan period (2026-2030). The investment will fund a batch of wind, solar, hydro, storage, and integrated energy projects.

TREE NEWS update: Phase II of the photovoltaic project in Shenzhen’s ‘virtual power plant town’ passed full-function commissioning and acceptance on March 3, achieving ‘observable, measurable, adjustable, and controllable’ grid connection. It is the city’s first demonstration project aggregating distributed solar via a virtual power plant, marking a new stage in Southern Power Grid’s distributed resource regulation.

TREE NEWS update: China’s pension regulator plans to include equity-linked secondary bond funds and partial-equity hybrid funds in the personal pension product catalog. Fund companies can submit one product by September 8, with conditions requiring at least three years since inception, daily subscription, and a minimum scale of 5 billion yuan over the last four quarters.

TREE NEWS update: Simcere Pharmaceutical announced that its co-developed Class 1 biologic, culerviveimab injection (brand name Yingmule), has been approved by China’s National Medical Products Administration. It becomes the first domestically developed long-acting preventive monoclonal antibody for respiratory syncytial virus (RSV) in the country. The drug was developed in strategic partnership with Ruiyang (Shandong) Biopharmaceutical.

TREE NEWS update: China’s State Administration for Market Regulation, with the Ministry of Civil Affairs, has issued two mandatory national standards—’Basic Specifications for Elderly Care Institutions’ and ‘Criteria for Determining Major Accident Hazards in Elderly Care Institutions’—to guide these facilities in addressing service and safety shortcomings. The standards aim to promote their transformation toward standardization, professionalization, and upgraded operations.

TREE NEWS update: The International Monetary Fund said El Salvador has not used public funds to accumulate bitcoin since June 2025, with purchases coming from private donations. The statement clarifies the government’s bitcoin acquisition policy, which had drawn scrutiny from the fund during past loan negotiations.