S&P expects fuel tax cuts and potentially higher fertilizer-subsidy outlays will put pressure on this year’s fiscal deficit.

China index futures opened higher: CSI 300 futures (IF main contract) +0.08%, SSE 50 futures (IH main contract) +0.26%, CSI 500 futures (IC main contract) +0.34%, CSI 1000 futures (IM main contract) +0.20%.

Qunhe Technology has launched Lux3D, a proprietary 3D generative model offering standard and fast modes. Users can upload a single image or submit a text prompt to produce 3D assets—meshes, materials and 3D Gaussian representations—with material rendering cited as the model’s core improvement. In fast mode a single model can be generated in as little as 20 seconds. Lux3D includes a Harness mode for integration into AI coding and 3D modelling tools to support batch 3D content generation.