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March 9th - As of the end of 2025, market supervision departments across the country had investigated and handled 41,700 cases, with fines and confiscations totaling 329 million yuan, imposing penalties on 1,708 individuals, and transferring 1,702 cases suspected of illegal and criminal activities to public security organs. During the special rectification campaign, market supervision departments nationwide inspected 4.55 million meat product and edible vegetable oil production and sales entities, conducted 375,600 batches of sampling and monitoring, urged the rectification of 461,200 problems and hidden dangers, urged platforms to delete 11,318 pieces of illegal information, and closed 4,297 illegal online stores and accounts, effectively regulating the behavior of meat product and edible vegetable oil production and sales entities.

On March 9th, it was reported that in 2025, the State Administration for Market Regulation actively promoted the strengthening of online catering food safety supervision, focusing on solving the governance challenges of food safety in platform-based food delivery. A nine-month special inspection was deployed to local market supervision departments, resulting in on-site inspections of 1.4136 million food delivery merchants, ordering 77,600 to rectify their practices, ordering 723 to suspend operations, initiating 16,566 cases, and imposing fines and confiscations totaling 17.7099 million yuan. Food delivery platforms were urged to conduct 1.3838 million online self-inspections, and 158,400 merchants were removed from their platforms. Simultaneously, the "Internet + Transparent Kitchen" initiative was promoted from individual pilot projects to large-scale and standardized implementation. Local market supervision departments were guided to gradually promote the initiative among food delivery merchants, using live video streaming and other methods to showcase key aspects of food processing in real time. Currently, over 450,000 food delivery merchants nationwide have completed the "Internet + Transparent Kitchen" construction, and an "online + offline" collaborative supervision model is gradually taking shape.

March 9th - The State Post Bureau released data today showing that China's express delivery development index reached 374.1 in January and February, a year-on-year increase of 1.5%, indicating steady growth in the express delivery market. Driven by multiple factors, the industry exhibited cyclical fluctuations of "pre-holiday peak, holiday correction, and post-holiday rebound," demonstrating strong resilience. This year, driven by the combined effects of New Year's Day, the Spring Festival shopping season, consumer subsidies, and the Spring Festival holiday, the express delivery market steadily expanded, with an average daily express delivery volume exceeding 590 million pieces in January. Affected by the Spring Festival holiday, the industry's operation showed obvious cyclical fluctuations: the first week of the Spring Festival travel rush saw a pre-holiday peak, with an average daily express delivery volume of approximately 670 million pieces; during the Spring Festival, couriers remained at their posts, effectively ensuring the delivery needs of New Year's goods; after the Spring Festival holiday, the express delivery industry quickly returned to normal operation, with the highest daily express delivery volume exceeding 700 million pieces.

Germany's seasonally adjusted manufacturing orders fell 11.1% month-on-month in January, compared with an expected decline of 4.5% and a previous reading of 7.80%.

A South Korean presidential advisor stated that the government would seriously consider additional funding if necessary.

On March 9th, analysts at BMI, a research arm of Fitch Ratings, stated in a report that oil price shocks could have a widespread drag on real income, leading to a decline in real income and consequently dampening consumption and investment, as most developed economies are net oil importers. They noted that energy-importing countries with current account deficits, such as Italy and Greece, are the most vulnerable. Importing countries with current account surpluses, such as Germany, South Korea, and Japan, also face risks. In contrast, exporting countries with current account surpluses, such as Norway, will benefit from rising energy prices, while Sweden and Ireland have greater fiscal and monetary space to absorb the shock. BMI added that Canada and Australia, despite having balanced energy accounts and current account deficits, may still benefit as increased energy export revenues are expected to improve their balance of payments.

Market news: The Bank of Korea will purchase up to 3 trillion won in government bonds.

On March 9th, Pepperston senior research strategist Michael Brown stated in a report that recent market movements are contrary to the goals consistently pursued by US President Trump. Brown said, "I think it's important to recognize that almost everything we're seeing in the markets right now is contrary to what President Trump has declared his goals." Brown noted that Trump has repeatedly stated his desire to see lower oil prices, higher stock markets, a weaker dollar, lower interest rates, and a more dovish Federal Reserve. However, Trump is currently facing rising oil prices, a falling stock market, a stronger dollar, rising interest rates, and a Federal Reserve caught in a "dilemma."

Euro Stoxx 50 futures fell 2.2%, German DAX futures fell 2.4%, and UK FTSE 100 futures fell 0.80%.

According to Reuters, Syrian Kurds have warned Iranian Kurds against allying with the United States against Iran, arguing that they have been abandoned by the US after years of cooperation.

Indonesian Finance Minister: We will use the national budget to absorb the impact of rising oil prices.

Indonesia's energy minister stated that fuel supplies are sufficient and subsidized fuel prices will not be increased before Eid al-Fitr.

Traders: Saudi Aramco sold 2 million barrels of Arab ultralight crude to a Japanese refiner in a rare tender.

South Korean presidential advisor: The Ministry of Trade, Industry and Energy plans to implement a fuel price cap this week.

According to NTV, Türkiye will deploy six F-16 fighter jets to Northern Cyprus.

Bahrain's national oil company stated that local market demand has been fully guaranteed according to its forward-looking plans.

The Israeli military has confirmed that it has detected a new round of missile launches from Iran.