1. The Shanghai Commission of Commerce, together with four other departments, has issued the Supervision Plan for the Pilot Project of Temporary Import for Repair in the China (Shanghai) Pilot Free Trade Zone. Temporary imported goods for repair should, in principle, specify the destination of the repaired goods when they are imported, and customs will handle the procedures according to the bonded repair mode. The repaired goods can be re-exported without being subject to customs duties, import value-added tax and consumption tax.
2. Shenzhen, Guangdong Province plans to raise the maximum loan amount for housing savings loans. Individual employees who apply for housing savings loans will have their maximum loan amount raised from the current 500,000 yuan to 600,000 yuan. For joint applications by families, the maximum loan amount will be raised from the current 0.9 million yuan to 1.1 million yuan.
3. Securities Daily reports that since the Fed cut interest rates by 50 basis points in September, several domestic commercial banks have also lowered the interest rates of their dollar deposit products. It is now difficult to find dollar deposit products with interest rates above "5". Recently, the Fed announced another 25 basis point interest rate cut. Consequently, the interest rates of dollar deposit products are likely to continue to decline.
4.The China Automobile Association has released data showing that in October, the production and sales of new energy vehicles reached 1.463 million and 1.43 million units respectively, up 48% and 49.6% year-on-year. The sales of new energy vehicles accounted for 46.8% of the total sales of new cars.
5.Canalys says that in the third quarter, the Southeast Asian smartphone market grew by 15% year-on-year to reach 25 million units. OPPO led the market with 5.1 million units shipped and a 21% market share. Samsung followed closely behind with a 16% market share and a 23% revenue share. Transsion held the third position with 4 million units shipped and a 16% market share.
6.According to data from China Automotive Battery Innovation Alliance, in October, China's power battery installed capacity was 5.92GWh, up 8.6% month-on-month and 51.0% year-on-year. Among them, the installed capacity of ternary batteries was 12.2GWh, down 1.1% year-on-year; the installed capacity of lithium iron phosphate batteries was 47.0GWh, up 75.1% year-on-year.
7. The CILS said that the China E-commerce Logistics Index in October was 115 points, up 0.6 points from the previous month. The total business volume index of e-commerce logistics reached 133.7 points, up 2.5 points from the previous month, which was the highest in the past five years.
8.According to Science Daily, Australian scientists have developed a new high-speed 3D printer that can rapidly and accurately build and print 3D cell structures in just a few seconds. This technology provides a powerful tool for cancer research, allowing for the precise replication of specific human organs and tissues.
9.According to CCTV News, in the decisive round of voting for the prime minister of Japan's House of Representatives on November 11, Abe Shinzo, the president of the Liberal Democratic Party, won and was re-elected as the prime minister of Japan.
10.Global Times reports that China and Indonesia signed agreements worth $10 billion at the China-Indonesia Business Forum held in Beijing on November 10, covering areas such as food, renewable energy, technology, and biotechnology.
