Russian President Vladimir Putin signed the budget of the Russian Federation for 2025, as well as the federal budget bill for the 2026-2027 planning period, as reported by RIA Novosti on December 1.

According to data from the U.S. Department of Commerce, the core PCE price index in the United States rose 2.8% year-on-year in October, the largest increase since April this year, in line with market expectations

Japan's Shigeru Ishiba cabinet has approved an economic stimulus package worth 21.9 trillion yen to tackle a range of challenges, from inflation to wage growth. While the scale of the stimulus package rolled out by Shigeru Ishiba's government is comparable to last year's

According to the latest data from the International Semiconductor Industry Association (SEMI), global IC sales increased by 12% quarter-on-quarter in the third quarter, mainly due to seasonal factors and strong demand for AI data center investment

The reporter learned on the 21st local time that Japan's Kansai Electric Power Company restarted the operation of the reactor of Unit 3 of the Mihama Nuclear Power Plant in Mihama Town, Fukui Prefecture.

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.

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.

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.

China's commodity price index in October showed significant positive changes in economic operation, with prices rising 3% month-on-month. The Caixin services PMI rebounded to 52, a three-month high, indicating improved market demand and economic vitality.