**Key Focus** • Market Supervision Administration has summoned major food delivery platforms to resist malicious subsidies • Ministry of Industry and Information Technology: Strengthen industry supply, accelerate technological breakthroughs in high-end computing chips and industrial multimodal algorithms • Alibaba major news: May officially announce new group buying product and evaluation system, directly targeting core business

**Domestic News** • At a regular press conference held by the State Administration for Market Regulation, spokesperson Wang Qiuping addressed recent controversies over food delivery platform subsidies, stating that the administration has promptly summoned major food delivery platforms. The relevant platforms responded quickly with collective statements, promising to strictly abide by laws and regulations, eliminate unfair competition, resist malicious subsidies, and promote orderly industry development.

• The State Council Information Office held a policy briefing where officials from the General Administration of Sport and other departments introduced policy measures regarding "Opinions on Unleashing Sports Consumption Potential and Further Promoting High-Quality Development of the Sports Industry." The Ministry of Industry and Information Technology will work with the General Administration of Sport to support production enterprises, universities, research institutions, and user units in jointly conducting technological research and application of sports equipment results, continuously improving product supply capacity. Expanding new consumption scenarios by promoting the integration and innovation of sports equipment with artificial intelligence, Internet of Things, virtual reality and other new technologies, accelerating the development of intelligent and green sports equipment, and exploring immersive experience models.

• On September 9, the State Council held a series of themed press conferences on "High-Quality Completion of the 14th Five-Year Plan." Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology, stated at the press conference that the next step will be to strengthen industry supply, accelerate technological breakthroughs in high-end computing chips, industrial multimodal algorithms, and software-hardware equipment, accelerate the construction of high-quality data systems, advance the development and deployment of intelligent agents, and develop terminal products such as humanoid robots and brain-computer interfaces.

• According to sources, on September 9, China Mobile is applying for satellite mobile communication business operating licenses to establish a policy foundation for legally compliant direct satellite connection services for mobile phones. The application has entered the review process.

• According to the National Development and Reform Commission, a new round of refined oil price adjustment window opened at 24:00 on September 9. Monitoring by the National Development and Reform Commission's Price Monitoring Center showed that during this pricing cycle (August 26 - September 8), international oil prices first rose then fell. Based on the current domestic refined oil pricing mechanism, the adjustment amount per ton was less than 50 yuan, so gasoline and diesel prices remained unchanged, with the unadjusted amount to be accumulated or offset in the next adjustment.

• According to market sources, on the morning of September 9, there were sudden reports that Alibaba would officially announce a new group buying product and evaluation system in the coming days, directly targeting core business. Sources revealed that on Wednesday morning (September 10), there is indeed a major business launch event at Alibaba's Xixi C area in Hangzhou, scheduled for the morning. However, Alibaba has not confirmed whether this is a group buying business launch.

• On September 9, JD.com Auto Service has filed a lawsuit against Tuhu Auto Service for unfair competition, and the court has accepted the case. A representative from JD.com Auto Service stated that unfair competition practices have indeed affected JD.com Auto Service, leading to the lawsuit. This action is not only for JD.com Auto Service but also hopes to protect users' legitimate rights through legal channels.

• On September 9, spot gold (London Gold) broke through the $2,650 per ounce mark, setting a new historical record.

**International News** • The U.S. Supreme Court ruled on September 8 that the "roving patrol" policy implemented by federal law enforcement officers in Los Angeles, California and surrounding areas can continue, temporarily clearing obstacles for the Trump administration to conduct large-scale immigration enforcement raids in the area.

• Japanese media reported on September 8, citing sources, that after Japanese Prime Minister and Liberal Democratic Party President Ishiba Shigeru announced his resignation on September 7, the LDP intends to hold elections for a new party president on October 4.

• Japanese LDP member and former Digital Transformation Minister Kono Taro stated on Tuesday that given political uncertainty casting shadows over economic policy prospects, the Bank of Japan should raise benchmark interest rates to support the yen and curb inflation.

• Indonesian central bank officials said the central bank has conducted foreign exchange intervention to ensure the Indonesian rupiah exchange rate remains consistent with its fundamentals, and the central bank will continue to play a role in the foreign exchange market to stabilize the rupiah.

**Domestic and International Market Overview**

**Economic Data and Developments (Beijing Time)**