Flash News

TREE NEWS update: Zhejiang provincial government issued a plan to boost the sports industry, encouraging companies to innovate in outdoor equipment, smart wearables and sports rehabilitation. The policy, published by the provincial general office, aims to expand large-scale sports enterprises and cultivate leading service firms. It also promotes integrating AI and IoT into sports gear and developing smart venues.

TREE NEWS update: Zhejiang province plans to grow its sports industry to 1 trillion yuan by 2030. The province aims to lead in sports events, nurture 10 nationally influential sports enterprises, and boost consumption through immersive scenes, village-brand tournaments, and extended venue hours.

TREE NEWS update: Beijing’s commerce bureau and five other departments issued a plan to boost digital and AI-driven home-care services. It encourages housekeeping platforms to develop elderly-care and companion robots, smart wearables, and health monitors, exploring human-machine collaboration to meet care needs for the elderly and children.

TREE NEWS update: The World Meteorological Organization confirmed on September 3 that an El Nino event has emerged and is expected to intensify into a super El Nino within months. China’s National Climate Center predicts continued impacts through autumn and winter, with significant effects next summer, including heavy rain and active typhoons.

TREE NEWS update: Beijing’s commerce bureau and five other departments issued a plan to boost the home-based elderly care and childcare services industry. The plan supports scaling up key service platforms and enterprises, aiming for steady growth of large-scale domestic service firms. It encourages innovation, smart scenarios, and continued tax benefits to reduce costs and improve efficiency.

TREE NEWS update: Wuhan’s housing authority, with multiple departments, issued a notice relaxing rules on using housing provident funds to repay commercial mortgages on first homes. The previous 12-month withdrawal interval is lifted. Borrowers can now apply after six months of regular repayment and withdraw monthly thereafter, with cumulative withdrawals capped at the loan amount.

TREE NEWS update: China’s Consulate General in New York held a US-China relations exchange at the Harvard Club on May 2, themed “Our Shared Expectations,” with over 150 American friends from various sectors attending. Consul General Chen Li emphasized that the improvement and development of bilateral ties align with the fundamental interests of both peoples and the international community’s expectations, citing the important consensus reached by the two heads of state in May on building a constructive strategic stable relationship.

TREE NEWS update: At the 2026 Tiandu International Conference on Deep Space Exploration, China officially launched the International Earth-Moon CubeSat Constellation Science Program. The initiative aims to deploy satellite clusters in cislunar space with multiple countries, conducting space environment monitoring, gamma-ray burst detection, and lunar resource exploration. The full deployment is targeted for completion around 2030, filling a global gap in systematic cislunar observations.

TREE NEWS update: On September 4, Chinese Vice Premier Ding Xuexiang attended the opening of the 8th China-Russia Energy Business Forum in Vladivostok, Russia, where he read a congratulatory letter from President Xi Jinping and delivered remarks. The forum highlights ongoing bilateral energy cooperation between the two countries.

TREE NEWS update: China’s Ministry of Water Resources reported that latest drone imagery shows normal water flow in the upper and lower reaches of the former Purupeqiangzangbu barrier lake in Gyirong, Tibet, and in Nepal’s Cuojian River impact crater. Of 14 previously surveyed glacial lakes, 9 slightly shrank and 5 slightly expanded, with overall stability. A small landslide downstream has minimal impact on the river channel.

TREE NEWS reports: Bitcoin surged past $81,000 on September 4, up 4% in 24 hours, as Fed rate-hike expectations eased, Treasury yields fell, and ETF inflows returned. Ether rebounded to near $2,500. Spot Bitcoin ETFs saw about $277 million in net inflows Thursday. Fed Governor Waller’s cautious stance cut September hike odds to roughly 48%.

TREE NEWS update: China’s Cyberspace Administration and six other ministries issued a plan to promote digital and green transformation, encouraging the use of virtual reality, artificial intelligence, and other digital intelligence technologies to innovate consumption models. The plan supports sharing economies, virtual home renovation and fitting rooms, and expands supply of AI terminals, smart wearables, green appliances, and new energy vehicles. It also promotes green e-commerce packaging and establishes green electricity consumption certification mechanisms.

TREE NEWS update: Seven Chinese government departments, including the Cyberspace Administration, issued a plan to promote green development of communication base stations from 2026-2030. The plan mandates using low-power chips and efficient power amplifiers, introducing liquid cooling and natural cold sources, and deploying centralized radio access network architectures to cut energy use.

TREE NEWS update: China’s Cyberspace Administration and six other departments issued a plan to promote green digitalization, proposing exploration of 800V high-voltage DC power supply architecture for computing facilities and deployment of cabinets exceeding 100kW. The plan also supports liquid cooling, waste heat recovery, and AI-driven energy efficiency management.

TREE NEWS reports: Bitcoin climbed about 4% to reclaim $80,000, with major tokens also gaining, after Fed Governor Christopher Waller signaled he could support holding rates steady this month. Traders responded by cutting September rate-hike odds to a coin flip.

TREE NEWS update: China’s Cyberspace Administration and six other agencies jointly issued the Implementation Plan for Promoting Coordinated Digital-Green Transformation (2026-2030). The plan targets that by 2030, AI will deeply empower green technology and industry, compute facilities and 5G base stations will significantly improve energy efficiency, and renewable electricity consumption in key areas like compute will reach provincial responsibility weight levels.

TREE NEWS reports: Federal Reserve Governor Christopher Waller signaled support for holding rates steady unless inflation data surprises, boosting markets on Sept. 3. The Dow rose 1.08%, Nasdaq 1.2%, and S&P 500 1.04%, with Tesla and Oracle gaining over 4%. Gold, silver, and bitcoin also climbed, but AI hardware lagged. Next week’s CPI data is now the key variable.

TREE NEWS update: Japan’s finance ministry reported on Sept 4 that government ministries’ budget requests for fiscal 2027 total 143.0656 trillion yen (about 6.1374 trillion yuan), a record high and significantly up from the current fiscal year’s 122 trillion yen.

TREE NEWS update: China’s National Financial Regulatory Administration has opened public consultation on a draft amendment to the Insurance Law, proposing to bring insurer shareholders and actual controllers under regulatory oversight. The draft strengthens vetting of major shareholders and controllers, clarifies duties on capital contributions, related-party transactions, and disclosures, and bans equity entrustment and improper interference. It also adds coercive measures and specific penalties targeting shareholders and controllers.

TREE NEWS reports: The US dollar strengthened 0.50% against the Japanese yen during intraday trading, reaching 156.58. The move reflects continued dollar momentum amid market focus on interest rate differentials and upcoming central bank actions.