China's Innovation Index increased by 5.9% in 2022, and the national railway held 1.15 billion passengers in Q3 2023, setting new records. The General Administration of Customs will cancel the filing of enterprises in the origin of export goods from November 1, and the construction of a modern logistics system is accelerating.

In September, the sales prices of newly built commercial residential buildings in China's first-tier cities were flat month-on-month but increased year-on-year. Economists predict that China's GDP growth rate in the fourth quarter will rebound to more than 5% year-on-year. The 3rd Belt and Road Forum for International Cooperation was held in Beijing, emphasizing global connectivity and open economic development.

China's GDP grew by 4.9% year-on-year in the third quarter, reflecting significant improvements in economic fundamentals. The exchange rate remains stable, and the National Bureau of Statistics reported moderate price growth, indicating stable overall demand. Additionally, China's imports of aquatic products from Japan dropped to zero in September.

China's central bank achieved a new high in net MLF investment in October, signaling stable growth. The Shanghai Stock Exchange suggests potential interest rate and reserve requirement cuts. China's listed banks' assets exceed 265 trillion yuan, supporting the real economy. The Third Belt and Road Forum is underway, with UN Secretary-General Guterres in Beijing.

In September, China's electricity consumption increased by 9.9% year-on-year, with notable growth across all sectors. Over 2,500 digital workshops and intelligent factories have been built, boosting manufacturing efficiency. Social finance additions significantly exceeded market expectations, signaling potential short-term economic stabilization. The CSRC's adjustments to the securities lending system aim to promote capital market stability and recovery.

China's Ministry of Finance has allocated over 10.7 billion yuan for inclusive financial development in 2023. Imports of bulk commodities and consumer goods expanded in the first three quarters, with energy products increasing by 31.8% year-on-year. The digital RMB has also helped boost festive consumption, with a consumption amplification effect exceeding 15 times in some pilot areas.

China's economy shows strong endogenous growth, with GDP expected to exceed 4% in Q3. The central bank maintains liquidity stability, and local financing platforms are being transformed to improve credit ratings and asset quality. Meanwhile, the US economy remains optimistic but faces risks, Russia implements capital controls, and the Fed plans to keep interest rates high.

In the first eight months, China's new tax cuts and fee reductions exceeded 1.15 trillion yuan, significantly benefiting private enterprises. Meanwhile, auto exports surpassed 400,000 units for two consecutive months, with new energy vehicle exports reaching 825,000 units from January to September.

China's SME Development Index saw a rebound in the third quarter, rising by 0.2 points to 89.2. The Ministry of Commerce plans to enhance digital trade cooperation with partner countries and accelerate negotiations on the China-ASEAN Free Trade Area Version 3.0. Additionally, logistics enterprises will benefit from a 50% reduction in urban land use tax for warehousing land.

China's commodity index rose to 103.6% in September, marking its highest level since August 2020. Meanwhile, OPEC revised its forecast for global crude oil demand, expecting it to reach 109 million barrels per day by 2027.

The US Department of Commerce added 42 Chinese companies to the export control list, citing support for the Russian defense industry. Meanwhile, Anhui Province launched 1089 major projects with a total investment of 707.46 billion yuan, focusing on manufacturing and infrastructure. Additionally, the IPO market tightened in the third quarter, with 12 'food, clothing, and housing' companies terminating their IPOs.

During the 2023 Mid-Autumn Festival and National Day holidays, China saw a significant boost in domestic tourism with 826 million trips and 753.43 billion yuan in revenue. Meanwhile, the US non-farm payrolls increased by 336,000 in September, far exceeding expectations, indicating a resilient labor market.

In the first 8 months of 2023, Shanghai Port's container throughput increased by 3.6% year-on-year to 32.14 million TEUs. Meanwhile, Japan's short-term bond market pricing suggests the Bank of Japan may end its negative interest rate policy in January 2024.

The offshore RMB recovered the 7.30 mark against the US dollar, rising over 600 points. The People's Bank of China (PBOC) reported a 10.9% year-on-year increase in RMB loans to the real estate sector. Additionally, Guangzhou became the first first-tier city to break the lower limit of LPR for first-home loans, optimizing real estate policies.

China's foreign exchange reserves decreased by $44.2 billion to $3,160.1 billion in August. Guangzhou became the first first-tier city to break the lower limit of LPR for first home loans, with rates as low as 4.1%. Barclays forecasts global economic growth to slow down, and Russia's LNG exports have increased since the start of the year.