- On February 24, 2022, the Russia-Ukraine conflict broke out. As of today, the conflict has been going on for 1,000 days. Now, Russia and Ukraine are engaged in fierce fighting on a number of important battlefields.
- The UN Security Council voted on a draft resolution on a ceasefire in Gaza co-drafted by 10 non-permanent members on the afternoon of the 19th. It is understood that the draft still calls for an immediate and unconditional ceasefire and the release of the hostages.
- Goldman Sachs said gold is expected to rise to record highs given central bank buying and the prospect of U.S. interest rate cuts next year, adding that gold is among its preferred commodities trading in 2025 and said gold prices could rise further during Trump's presidency.
- In October, the output of industrial crude oil above designated size was 17.77 million tons, a year-on-year increase of 2.5%, and the growth rate was 1.4 percentage points faster than that in September, with an average daily output of 573,000 tons. Imported crude oil was 44.7 million tons, down 8.7% year-on-year.
- Recently, copper prices have shown a fluctuating and weak trend in the market outside China. In the early trading on Monday, the main 2412 contract of Shanghai copper futures fluctuated, and the decline in the market gradually narrowed, and then rebounded slightly
- Ecolectro announced the completion of a Series A round of $10.5 million, led by Toyota Ventures with the participation of Starshot Capital, DNX Ventures, Energy Revolution Ventures, New Climate Ventures, Banco Popular Impact Fund, and Techstars
- Faraday Future announces latest major progress, with its subsidiary Faraday X signing a product development and delivery agreement for a range of vehicles with a leading automaker
- Scientists in the United States have invented a new type of nano-coating that can be made into a very light coating using only a very small amount of material, only 0.4 grams per square meter, setting a record.
- According to October retail sales released on the 15th one local time by the U.S. Department of Commerce, month-on-month sales rose 0.4%, better than expected. Nevertheless, the 0.4% month-on-month growth in U.S.
- In the first 10 months of 2024, China's trade volume with APEC economies reached a record high of 21.27 trillion yuan, accounting for 59.1% of China's total trade. Financial reforms have also deepened, supporting high-quality economic development.
- In the first 10 months of 2024, China-Laos train traffic under customs supervision increased by 36.5%, and China's economic confidence is growing as foreign institutions raise growth forecasts. Interbank deposits are expected to see standardized pricing, and CICC predicts improved investor risk appetite in 2025.
- In October, China's SME development index increased by 0.3 points, marking the largest monthly increase since March last year. Additionally, green loans in China grew rapidly, with a balance of 35.75 trillion yuan as of the end of the third quarter, up 25.1% year-on-year.
- China's central and local governments are speeding up the implementation of policies to support the private economy, while the number of registered private enterprises in the country has surpassed 55 million. The National Development and Reform Commission is enhancing communication mechanisms and promoting private capital participation in major infrastructure projects.
- China's exports in October increased by 12.7% year-on-year to $309.06 billion, reaching a 27-month high. Imports fell by 2.3% to $213.34 billion. The trade surplus was $95.73 billion, the third highest in history. In the first 10 months of 2024, China's total import and export value was $5.07 trillion, up 3.7% year-on-year.
- The offshore yuan rose for the second consecutive day, with short-term implied volatility surging. The total number of private economic entities in China reached 180,864,800 as of the end of September, marking a significant increase over the past decade. The Ministry of Industry and Information Technology encourages mergers and reorganizations of high-quality new energy vehicle enterprises to enhance industry concentration and combat unfair competition.