China’s Ministry of Industry and Information Technology and nine other ministries issued a 15th Five‑Year plan for SME development with market‑relevant targets to 2030. Key objectives: cumulative per‑capita operating revenue for above‑designated‑size SMEs up about 15% by 2030; internal R&D spending in above‑designated‑size industrial SMEs to grow >8% annually; a stock of 22,000 specialized “little giant” SMEs and 600 national SME industry clusters; digital‑intelligence targets for specialized SM

2026-09-03

China’s Ministry of Industry and Information Technology and nine other ministries issued a 15th Five‑Year plan for SME development with market‑relevant targets to 2030. Key objectives: cumulative per‑capita operating revenue for above‑designated‑size SMEs up about 15% by 2030; internal R&D spending in above‑designated‑size industrial SMEs to grow >8% annually; a stock of 22,000 specialized “little giant” SMEs and 600 national SME industry clusters; digital‑intelligence targets for specialized SMEs with level‑2 adoption ≥95% and level‑3 ≥80%; measurable gains in energy and resource use efficiency; a strengthened national SME service network and roughly 50 China‑foreign SME cooperation zones; establishment of a long‑term mechanism to prevent and resolve overdue payments to SMEs; and further broadening of diversified financing channels.

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2026-09-03

CENC automatic estimate: a magnitude ~6.3 earthquake occurred near the Fox Islands (52.39°N, 170.09°W) at 19:17 on Sept 3. Final parameters pending confirmation in the formal bulletin.

2026-09-03

U.S. goods and services trade deficit widened 24.4% MoM to $88.6bn in July, the largest since early 2025, the Commerce Department said Thursday; economists' median forecast was $90.2bn. Imports rose 2.8% and exports fell 2.1%. Capital goods imports (including computers and accessories, semiconductors and telecom equipment, excluding autos) jumped 11.4%, the largest increase since 1993, driven by a surge in technology imports amid increased AI-related investment. The report also said recent swing