Domestic News
1. Xi Jinping will meet with US President Trump in Busan, South Korea.
2. The State Administration of Foreign Exchange (SAFE) has launched nine policy measures in three areas to support cross-border trade.
3. The Ministry of Foreign Affairs responded to questions about whether China will resume purchasing US soybeans: China's position on this issue is consistent; for specific questions, it is recommended to inquire with the relevant Chinese authorities.
4. In the first three quarters, my country completed 50.6 billion cross-regional personnel flows, a year-on-year increase of 3.1%.
5. The Ministry of Finance: From January to September, the total operating revenue of state-owned enterprises increased by 0.9% year-on-year, while total profits decreased by 1.6% year-on-year.
6. Trump expressed optimism about the meeting between the Chinese and US leaders; the Ministry of Foreign Affairs stated its willingness to work with the US to achieve positive results.
7. The SME Bureau of the Ministry of Industry and Information Technology: It is revising the standards for classifying SMEs; the new version of the "Regulations on Guaranteeing Payments to SMEs" was also released and implemented this year. 8. A special fund for the development of strategic emerging industries by central state-owned enterprises was launched, with an initial scale of 51 billion yuan. It will focus on supporting strategic emerging industries such as artificial intelligence, aerospace, high-end equipment, and quantum technology, as well as key areas of future industries such as future energy, future information, and future manufacturing.
International News
1. Spot gold has returned to the $4,000 mark.
2. British Prime Minister Starmer has opened the door to raising key UK taxes.
3. Nvidia's market capitalization surpassed $5 trillion, becoming the first company globally to reach this milestone.
4. The Bank of Canada cut interest rates by 25 basis points as expected, while hinting at a pause in rate cuts to protect the economy and control inflation.
5. According to Kyodo News, Japanese Prime Minister Sanae Takaichi told the US that Japan will continue to import Russian liquefied natural gas.
6. South Korea and the US reached a trade agreement, with South Korea investing $350 billion in the US; the US will maintain a 15% tariff on all South Korean goods, while tariffs on automobiles will be reduced to 15%.
