1. According to CCTV News, a total of 77 countries and international organizations have confirmed their participation in the National Exhibition of the 7th CIIE, with a total number exceeding that of the 6th CIIE. The National Exhibition also serves as a platform and bridge for high-quality and distinctive products from 19 least developed countries to enter the Chinese market and connect with the global market.
2. According to a report by China Securities Journal, the RMB exchange rate against the US dollar has been relatively stable recently. It is expected that the RMB exchange rate will continue to exhibit bidirectional fluctuations in the fourth quarter. As China's economy maintains high-quality development and continues to advance towards a higher level of openness, the foreign exchange market has the foundation and conditions to maintain stable operation.
3. The National Development and Reform Commission (NDRC) stated that in the first three quarters, a total of 2.45 million low-income individuals have been employed through work-for-relief programs, representing a year-on-year increase of 30.2%. A total of 31 billion yuan in labor remuneration has been distributed, marking a year-on-year growth of 22.7%. In the next step, efforts will be intensified to promote the work-for-relief approach, continuously expanding the scale of labor remuneration distribution.
4. According to a report from Goldman Sachs, in the four weeks ending October 30, global funds saw a total net inflow of $63.628 billion into the stock market. Among them, US stocks received a net inflow of $37.228 billion, while the Chinese mainland stock market received a net inflow of $24.385 billion. Meanwhile, Japanese and Indian stock markets experienced net outflows of $6.063 billion and $284 million, respectively.
5. According to the National Bureau of Statistics' monitoring of market prices for 50 important means of production across 9 major categories in the national circulation sector, compared to mid-October, 14 product prices increased and 36 decreased in late October. Specifically, the price of live pigs (crossbreed from foreign varieties) was 17.4 yuan/kilogram, marking a month-on-month decrease of 2.8%.
6. According to China News Service, China's independent quantum computing power has been exported and sold for the first time, which is the third generation of China's independent superconducting quantum computer "Benyuan Wukong". Since its launch on January 6, "Benyuan Wukong" has completed 270,000 quantum computing tasks sent by 133 countries and regions around the world. Users from the United States, Russia, and Japan rank the top three in the number of remote accesses to "Benyuan Wukong" by overseas users.
7. According to a report by China Business News, there were significant fluctuations in the wholesale prices of Moutai in the market over the weekend. The original box price for 2024 stopped falling and surged by over 100 yuan per bottle within two days. There are rumors in the market that the Moutai Dealers Association has requested dealers to stop shipping to the market for three months. Moutai dealers confirmed that it was not a stockout, but a market order inspection. The suspension of shipments by dealers led to price increases. Moutai officially responded that the stockout was a market rumor.
8. The OPEC+ has agreed to postpone the oil production increase plan originally scheduled for December by one month, due to the downward pressure on the oil market brought by weak oil demand and the increase in oil supply from regions outside OPEC. The OPEC+ group, consisting of OPEC, Russia, and other oil-producing countries, originally planned to increase daily production by 180,000 barrels in December.
9. According to a report from Morgan Stanley, TSMC is considering raising the prices of its 3nm process and CoWoS advanced packaging technology to cope with the surge in market demand. TSMC plans to implement the price increase in 2025, with the price of the 3nm process expected to rise by up to 5%, while the price of CoWoS packaging may increase by 10% to 20%.
10. The Ministry of Culture and Tourism of Turkey stated that in the first three quarters, Turkey received 49.2 million inbound tourists, setting a new record high, with a year-on-year increase of 9%. Tourism revenue reached $46.9 billion, an increase of 7%. Russia, Germany, and the United Kingdom are the main market countries. The Chinese market has grown significantly, with the number of tourists exceeding 312,000, a year-on-year increase of 84%.
