TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that China hopes South Korea will faithfully implement the one-China principle, following the withdrawal of a Chinese curatorial team from the Gwangju Biennale over alleged incorrect Taiwan-related practices. Guo cited the 1992 joint communiqué establishing diplomatic ties, in which Seoul recognized Beijing as the sole legal government and respected China’s position on Taiwan. He noted that South Korea has repeatedly reaffirmed its unchanged one-China stance this year.
TREE NEWS update: Nie Wenhui, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with David Perez, chairman of the American Chamber of Commerce in Hong Kong, in Beijing. They discussed strengthening US-China business exchanges, industrial chain and supply chain integration, deepening commercial legal service cooperation, and participation in APEC business activities.
TREE NEWS update: China’s Ministry of Emergency Management deployed 796 personnel and 522 sets of equipment from central state-owned enterprises to support rescue operations in Gyirong County, Tibet, following a debris flow disaster. Under unified command, they are conducting search, road clearing, and risk monitoring. Additionally, experts from CCCC and China Railway were sent to Nepal for tunnel rescue assistance.
TREE NEWS update: Israeli Defense Minister Israel Katz said on April 3 that if Iran attacks Israel, Israel will strike all Iranian infrastructure, including energy facilities. The warning escalates regional tensions amid ongoing conflict.
TREE NEWS update: The US August ISM Non-Manufacturing Index is scheduled for release at 22:00 Beijing time. The data will provide insight into the services sector’s performance. Investors will watch for signals on economic momentum and potential implications for Federal Reserve policy.
TREE NEWS reports: Chicago Board of Trade (CBOT) wheat futures dropped 3.5% intraday to 769.5 cents per bushel, reflecting a sharp selloff in agricultural commodities. The move comes amid broader market volatility and changing supply expectations. Traders are monitoring weather and export demand for further direction.
TREE NEWS reports: The final S&P Global US Composite PMI for August came in at 56, matching the preliminary reading. The figure signals continued strong expansion in the private sector, with services and manufacturing activity remaining robust. The data underscores resilience in the US economy amid ongoing market scrutiny of growth prospects.
TREE NEWS update: Shenzhen’s industry and technology bureaus issued a plan to advance intelligent robot core technology, targeting breakthroughs in embodied intelligence toolchains, models, humanoid robot bodies, and core components. The city will leverage local research institutes and establish joint funds for robotics and AI to support foundational research and enhance original innovation capabilities.
TREE NEWS update: Shenzhen’s industry and science agencies issued a 2026-2028 action plan to boost the intelligent robotics sector, pledging a city-district service mechanism to help such companies with financing and listing needs. The plan directs AI, embodied-robot, AI-terminal and high-end equipment funds to leverage social capital in supporting qualified firms, in accordance with regulations.
TREE NEWS reports: US media reported on the 2nd that President Trump suggested Daniel Driscoll, the Army Secretary who recently resigned, remain in his post at least until the November congressional midterm elections. The reason for Trump’s suggestion is unclear.
TREE NEWS reports: The North America Tech Software Sector Index ETF climbed more than 3.2% to $106.75, reflecting a strong day for software stocks. The move underscores renewed investor appetite for tech equities amid broader market gains.
TREE NEWS reports: Shipping stocks, buoyed by a months-long Hormuz crisis, have become one of 2026’s hottest trades, jumping about 68% this year and 82% over 12 months, outpacing the S&P 500 by fivefold. Crude tanker shares lead with a 120% YTD gain, per Lloyd’s List Intelligence’s basket of 35 US and European listed shippers.
TREE NEWS update: On September 2, the cargo ship Haofeng departed Dalian Port with 14,000 tons of bagged chemicals, heading to Europe via the Arctic route. This marks the first voyage on the northern sea route for bulk cargo from China’s northern ports this year and the official resumption of the Dalian Port Arctic route after a hiatus of over ten years.
TREE NEWS update: Federal Reserve Governor Christopher Waller said Kevin Warsh’s pursuit of perfection hampers pragmatic policymaking, suggesting that providing forward guidance earlier would be better. Waller’s comments offer insight into internal Fed dynamics as the central bank navigates monetary policy.
TREE NEWS update: China is advancing a new generation of full-Mars geological mapping, led by Tianwen-3 chief scientist Hou Zengqian, using AI-driven intelligent mapping and data from the Tianwen-1 mission. The project integrates multimodal data including imagery, spectral, radar, and gravity information. The first version of a 1:5,000,000 global Mars geological map is planned for completion by the end of 2028, marking the world’s first intelligent Mars geological map.
TREE NEWS update: The Pentagon has confirmed that Anthropic remains listed as a supply chain risk. The designation, which was previously reported, continues to classify the AI company as a potential security concern for government procurement. No further details were provided in the brief statement.
TREE NEWS reports: US Defense Secretary Pete Hegseth, who promised a “swift and decisive” strike against Iran months ago, is quietly extending US military deployments, according to multiple sources cited by the Wall Street Journal on September 2. This suggests the US-Iran conflict could persist into next year.
TREE NEWS reports: Federal Reserve Governor Christopher Waller said inflation shows signs of easing but signaled openness to raising interest rates if data rebound, making next week’s CPI crucial. His stance marks a subtle shift. Meanwhile, the yen strengthened past 156 per dollar, sparking intervention speculation, though BOJ data suggested no action on Wednesday.
TREE NEWS update: UK Prime Minister Bernam met French President Macron at 10 Downing Street on September 3, local time. Bernam said bilateral cooperation can address shared challenges, with talks covering strengthening UK-EU relations, the Russia-Ukraine issue, English Channel migrant crossings, and defense, as well as the Middle East situation.
TREE NEWS update: Russian President Vladimir Putin said on the 3rd that the Asia-Pacific region has become an important center driving global economic growth, and Russia is actively participating in investment and trade cooperation in the region.