Domestic News 1. Li Qiang chaired the 22nd State Council thematic study session, emphasizing the need to further deepen the reform of the social security system and improve a multi-tiered social security system that covers all citizens, integrates u

2026-11-12

Domestic News 1. Li Qiang chaired the 22nd State Council thematic study session, emphasizing the need to further deepen the reform of the social security system and improve a multi-tiered social security system that covers all citizens, integrates urban and rural areas, is fair and unified, safe and standardized, and sustainable. 2. Ministry of Foreign Affairs: The US should stop fabricating so-called espionage narratives and finding excuses to implement technological blockades. 3. Ministry of Foreign Affairs: China and the US maintain close communication regarding interactions between the two heads of state. 4. Ministry of Commerce: China and the US are maintaining close communication on issues such as tariff reductions, trade, and investment. 5. Domestic gasoline and diesel prices were reduced by 645 yuan and 625 yuan per ton, respectively. International News 1. Putin met with the US President's special envoy. 2. Trump: If Mexico does not stop immigration, tariffs will be doubled immediately. 3. Nvidia: CEO Jensen Huang resigned from his positions as president, CEO, and board member, effective immediately. 4. Federal Reserve's Hamak: Inclined to support the Federal Reserve taking smaller and more stable interest rate adjustments. 5. Spot gold fell 3% intraday, hitting a new low since October last year. Spot silver fell below $50/ounce. 6. The General Staff of the Armed Forces of Ukraine: The Ukrainian military has struck five major Russian oil refineries since October 30. 7. Middle East situation—