Morning Report

February 24, 2026, Tuesday, Lunar New Year’s Day 8, Good morning!

1. According to the China Geographical Information Industry Association, China has over 640 civilian in-orbit remote sensing satellites, ranking second in the world.

2. Ministry of Commerce: China urges the U.S. to cancel unilateral tariffs imposed on trade partners.

3. A 5.1 magnitude earthquake occurred in Yuli County, Xinjiang, with noticeable tremors in Urumqi and surrounding areas. The China Earthquake Administration has activated Level 4 emergency response.

4. The Milan Winter Olympics concluded, with the Chinese team winning 5 gold, 4 silver, and 6 bronze medals, achieving the best overseas Winter Olympics performance in history.

5. During the 2026 Spring Festival travel rush, the Qingyuan Qingxin Service Area on the Shiguang Expressway will implement a traffic measure allowing northbound vehicles to use the southbound lane, which is reversible and compliant.

6. "The world's leading large model company" Zhipu dropped over 21%, MINIMAX-WP fell over 8%. Zhipu’s market value evaporated by approximately HKD 68.2 billion (about RMB 60.3 billion).

7. Kim Jong-un has been elected General Secretary of the Workers' Party of Korea.

8. A bus accident in Nepal that fell into a river resulted in 19 deaths, with one Chinese citizen dead and one injured.

9. U.S. Customs will cease collecting tariffs deemed illegal by the Supreme Court starting February 24.

10. Mexican drug lord Nemesio Oseguera Cervantes was killed during a military raid. The drug cartel’s violent retaliation triggered unrest, prompting warnings from multiple countries.

11. Russia launched a large-scale missile attack on Kyiv Oblast. The Russian president emphasized that developing the "Triad" nuclear forces remains an absolute priority for Russia.

12. German Chancellor Merz will make an official visit to China from February 25 to 26.