Domestic News
1.
Communiqué of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of my country: The plenary session proposed the main goals for economic and social development during the 15th Five-Year Plan period, aiming to achieve a significant leap forward in China's economic strength, scientific and technological strength, national defense strength, comprehensive national strength, and international influence by 2035, with per capita GDP reaching the level of moderately developed countries.
2. The Ministry of Commerce responded to questions regarding the EU's 19th round of sanctions against Russia, stating that China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese companies.
3. Ansem China: The relevant decision of the Netherlands headquarters has no legal effect in China, and Zhang Qiuming's position remains unchanged.
4. Ministry of Commerce: China and the United States will hold economic and trade consultations in Malaysia from October 24 to 27.
International News
1. The Trump administration is reportedly in talks to acquire a stake in a quantum computing company.
2. Tesla: Capital expenditures are currently expected to be approximately $9 billion in 2025.
3. The US government has partnered with Orion to establish a critical minerals fund with a target size of $5 billion.
4. OpenAI and the UK Ministry of Justice have reached a milestone collaboration, providing local data hosting services for the first time. 5. The White House: The Trump administration will increase the tariff quota on Argentinian beef to 80,000 tons to lower prices.
6. Market News: US President Trump will make a statement in Washington at 3:00 a.m. Beijing time the next day.
7. JPMorgan Chase: Gold prices are expected to average $5,055 by the fourth quarter of 2026 and $6,000 by 2028.
8. Sanctions against Russia: ① The United States announced sanctions on Russia's two largest oil companies. ② The European Union formally adopted the 19th round of sanctions against Russia. ③ India's Russian oil imports will drop to near zero after the US sanctions. ④ Deputy Chairman of the Russian Security Council Dmitry Medvedev: Washington is "at war" with Moscow. ⑤ Russian Foreign Ministry Spokesperson Zakharova: The EU's room for expansion in sanctions is nearing its limit, and Russia reserves the right to respond. ⑥ The US and EU announced new sanctions against Russia, causing the spot premium for the Middle East benchmark Dubai crude oil to surge. Both WTI and Brent crude oil prices surged by over 4% and WTI crude oil futures soared by 6%; the Russian stock market fell by over 3%.
