Flash News

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that the Xisha Islands are inherent Chinese territory with no dispute, responding to a Vietnamese Foreign Ministry statement claiming sovereignty over the islands. China’s necessary construction on its own territory is within its sovereignty, and Vietnam has no right to comment, he added.

TREE NEWS update: China’s Ministry of Industry and Information Technology said today (3rd) that power batteries are key to green, low-carbon transition and achieving carbon peaking and neutrality goals. The country has established a globally leading power battery industry system.

TREE NEWS reports: Kazakhstan’s August oil and gas condensate production rose 11% from July. The increase follows a rebound in output from the Caspian Pipeline Consortium’s system after maintenance. No official figures were provided.

TREE NEWS update: Hunan province issued a 5-year special local bond for land reserves on [date], raising 1.458 billion yuan at a coupon rate of 1.46%. The bond saw a marginal multiple of 1.90 times, exceeding the expected 1.46 times, indicating robust investor demand.

TREE NEWS reports: Italy’s services PMI jumped to 55.2 in August from 52.5 in July, indicating accelerated expansion in the sector. The reading, released on Tuesday, marks the strongest growth in recent months, driven by robust business activity and new orders.

TREE NEWS update: Italy’s composite PMI rose to 53.6 in August, up from 52.5 in the previous month, indicating continued expansion in the private sector. The reading, released today, points to sustained growth in both manufacturing and services activity.

TREE NEWS reports: Japan’s 30-year government bond yield dropped 11 basis points to 4.055% on Tuesday, reflecting a sharp move in long-dated JGBs. The decline suggests renewed demand for safe-haven assets amid market volatility. Investors are closely watching the Bank of Japan’s policy stance as yields remain elevated.

TREE NEWS reports: China’s passenger car market saw new energy vehicle retail sales in August preliminarily fall 4% year-on-year but rise 12% from July. The data reflects ongoing demand shifts amid market competition.

TREE NEWS reports: Preliminary data show China’s passenger car retail sales totaled 1.626 million units in August, down 19% year-on-year but up 11% from July. Wholesale volumes reached 2.369 million units, down 5% YoY and up 5% month-on-month. Year-to-date retail sales fell 20% to 11.799 million units, while wholesale dropped 5% to 17.179 million.

TREE NEWS reports: The yen trimmed its gains against the dollar after a report suggested the Bank of Japan is leaning toward raising interest rates by 25 basis points. The move reflects market speculation ahead of the central bank’s policy decision, with traders adjusting positions on expectations of a modest tightening.

TREE NEWS update: Japan will convene an extraordinary session of the Diet in early October. The session is expected to address pending legislation and political matters. Specific agenda items and duration have not yet been announced.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said Japan’s latest defense white paper and record-high budget request challenge the outcomes of WWII. Japan’s 2027 draft budget request totals 8.89 trillion yen, a new high, as it seeks ‘enemy base attack capability’. Guo spoke on the 81st anniversary of China’s victory in the War of Resistance.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun urged Japanese leaders to listen to rational domestic voices and create conditions for normal Sino-Japanese exchanges. This follows reports that a Japan-China friendship parliamentary league plans to send a delegation of young lawmakers from ruling and opposition parties this month. Guo welcomed such efforts if they adhere to the four political documents and maintain friendly relations.

TREE NEWS reports: The Bank of Japan is leaning toward raising its benchmark interest rate by 25 basis points this month. Officials will consider lifting the policy rate from 1% at the two-day meeting ending September 18, citing upside inflation risks, rising service prices and a weak yen.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun on Friday rejected Palau’s call for Pacific Islands Forum members to condemn China’s missile test in the region, calling the repeated hype ‘malicious’ and saying its scheme will not succeed. Guo reiterated China’s defensive defense policy and commitment to regional peace and stability.

TREE NEWS reports: The dollar-yen pair briefly rebounded to 157.0, currently trading at 157.241, down 1.5% over the past 24 hours.

TREE NEWS update: At a press conference on disease prevention for the new school term, Zhu Lan, an academician of the Chinese Academy of Sciences and chief physician at Peking Union Medical College Hospital, stated that over 200 HPV types have been found in humans. High-risk types like 16 and 18 can cause severe lesions if persistent infection occurs, while low-risk types like 6 and 11 mainly cause genital warts. Timely HPV vaccination can block persistent high-risk HPV infection.

TREE NEWS update: China’s third batch of emergency aid to Nepal was dispatched this morning. The shipment follows two earlier deliveries as part of China’s relief efforts for the earthquake-affected country.

TREE NEWS update: Congo-Brazzaville’s first batch of Poria products benefiting from zero-tariff policy was shipped to China on September 1. The ceremony was attended by Max Mountsaka, director of the International Cooperation Ministry’s office, and Qiu Jianming, charge d’affaires of the Chinese embassy. Mountsaka thanked China for supporting agricultural exports and pledged to utilize the policy to boost more forestry products to China.

TREE NEWS update: Polish Deputy Defense Minister Paweł Zalewski said on September 3 that Poland wants to expand its participation in NATO’s nuclear deterrence system, with discussions underway on joining nuclear-sharing missions. He denied plans to deploy nuclear warheads on Polish soil.