Domestic News:
1. General Administration of Customs: In the first 10 months of 2025, my country's goods trade continued its steady growth, with total imports and exports reaching 37.31 trillion yuan, a year-on-year increase of 3.6%.
2. National Energy Administration: my country's power production organization has fully shifted from a planned to a market-based approach, achieving landmark results in the construction of a unified national power market.
3. Alibaba CEO Wu Yongming stated that Alibaba is building a massive AI infrastructure and will increase investment to create a super AI cloud.
4. my country's first electromagnetic catapult-equipped aircraft carrier was commissioned. Xi Jinping attended the commissioning ceremony and inspected the ship. Yu Yuan Tan Tian: The Fujian carrier will definitely visit the Taiwan Strait after its commissioning.
5. People's Bank of China: Foreign exchange reserves reached $3.343 trillion at the end of October, marking the 12th consecutive month of gold purchases.
6. General Administration of Customs: Starting November 10, 2025, the soybean export licenses of three companies, including CHS Inc., will be reinstated.
7. Two departments suspended the implementation of several export control announcements, involving rare earths, lithium batteries, and artificial graphite anode materials.
8. Ministry of Finance: Make full use of the more proactive fiscal policy to continue implementing the special action to boost consumption.
9. State Administration of Foreign Exchange: my country's current account surplus reached 1.3948 trillion yuan in the third quarter; direct investment in China remained a net inflow.
10. General Office of the State Council issued the "Implementation Opinions on Accelerating the Cultivation and Opening of Scenarios to Promote the Large-Scale Application of New Scenarios."
International News:
1. US Government Shutdown
① The US Senate failed to advance the appropriations bill: Democrats proposed extending ACA subsidies for one year to end the government shutdown, but Republicans rejected it.
② Due to the government shutdown, the US October non-farm payroll report was not released, marking the second consecutive month that non-farm payrolls were "absent."
③ Trump: Doesn't know how long the government shutdown will last.
④ US Senate Republican Leader Thune: Progress is currently stalled; suggests making concessions after the government reopens.
2. Federal Reserve's Jefferson: Interest rates have been lowered to near "neutral levels," caution is advised. 3. JPMorgan Chase: The bull market trend in US stocks remains unchanged; the S&P 500 is expected to break through 7,000 points soon.
4. Musk: Tesla may build its own AI chip factory, producing one million chips per month.
5. The University of Michigan consumer sentiment index fell to its lowest level since June 2022 in November, with the preliminary reading of the current conditions index hitting a record low.
6. Trump: Hopes to continue meeting with Putin in Budapest. A meeting with Putin is under discussion.
