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.
TREE NEWS update: Zhejiang Maritime Bureau activated a Level III typhoon emergency response on June 24. The move comes as a tropical storm approaches the region, prompting heightened maritime safety measures. The bureau urged vessels to take precautionary actions and monitor weather updates closely.
TREE NEWS update: Kremlin spokesman Dmitry Peskov said on September 4 that President Putin’s peace conditions from June 2024 remain valid, responding to reports that US envoy Witkoff and Jared Kushner plan to visit Moscow and Kyiv on September 5-6. Peskov declined to confirm the visits, saying any contacts will be announced when they occur.
TREE NEWS update: Drainage at the Baoxi Reservoir in Fuding, Fujian, has exceeded half its capacity following a landslide on September 2 caused by heavy rains from Typhoon Shadel. Water levels have dropped significantly after two days of rescue efforts by local authorities. Traffic, water, and power supplies are gradually being restored across affected townships.
TREE NEWS update: BHP responded to media reports about potential cooperation with Chinese capital on its Western Australia iron ore (WAIO) business, stating it has a long history of partnerships and regularly explores options that could create long-term value for shareholders. The company emphasized that WAIO is a core part of its portfolio and it remains committed to the business and the region.
TREE NEWS update: On September 3, NIO founder and CEO William Li said the auto industry has entered the most brutal phase of the marathon’s final stretch, with industry-wide profits under sustained pressure and sales and manufacturing margins at low levels. He noted that while single-vehicle costs have risen—memory chips up 10,000 yuan and batteries up 3,000-4,000 yuan—NIO will maintain price stability in the second half of the year.
TREE NEWS update: China Development Bank priced a 5 billion yuan (US$700 million) three-year green financial bond on September 3 via the China Foreign Exchange Trade System, with a coupon of 1.27%. It marked the bank’s first online book-building issuance of a green bond, boosting efficiency and transparency.
TREE NEWS update: China’s National Financial Regulatory Administration (NFRA) released draft rules on information disclosure for banks and insurers, now open for public comment. The measures clarify responsibilities across institutions, directors, supervisors, senior managers, shareholders, actual controllers, and third-party services like accounting and law firms. They also empower regulators to take action against violations.
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.