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2026-10-31 Saturday

2026-11-06

19:15:54

[Iran's Supreme Leader Issues Instructions to the Armed Forces on Responding to Threats] ⑴ Iran's Supreme Leader Mojtaba Khamenei issued instructions to senior commanders of the armed forces regarding responses to potential enemy threats, demanding immediate and effective measures, regardless of geographical limitations. ⑵ Senior commanders of the armed forces met with Supreme Leader Khamenei, who stated that a "smart state of readiness" aimed at forcefully countering the enemy is a necessary condition for achieving "maximum deterrence." ⑶ He ordered that threats, regardless of their level or type, must be responded to immediately and effectively, without geographical limitations. ⑷ Khamenei emphasized that if the enemy launches another military or terrorist attack, the decision on when and under what conditions the conflict will end will rest with the Iranian armed forces and the Iranian people. ⑸ He also stressed the need to strengthen the military intelligence system, deepen autonomous defense at both the "theoretical" and "tactical" levels, utilize new technologies to enhance modern defense and security capabilities, consolidate the spiritual foundation and revolutionary spirit, and strive to meet and fully support the living needs of the armed forces. (6) In another part of the instructions, it was decided to update the target database to ensure that all tangible and intangible assets of the “American-Jewish” enemy are within the range of armed forces.

19:13:45

[He Lifeng Attends Opening Ceremony of the 2026 World Cities Day Global Main Event and the 4th Global Sustainable Cities Award (Shanghai Award) and Meets with UN-Habitat Executive Director Rothbach] The 2026 World Cities Day Global Main Event and the 4th Global Sustainable Cities Award (Shanghai Award) were held on March 31 in Fuzhou, Fujian Province. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony, presented awards to the winning cities, and delivered a speech. He Lifeng pointed out that since the beginning of the new era, the Chinese government, following the important instructions of President Xi Jinping, has fully implemented the concept of people-centered cities and promoted historic achievements in urban development. Basic housing for all people has been achieved, urban residents enjoy high-quality and full employment, harmonious development exists between people and between people and nature, historical and cultural heritage is effectively protected, and urban governance efficiency is continuously enhanced. In the current and future period, we will follow the deployment of the Central Urban Work Conference, aiming to build innovative, livable, beautiful, resilient, civilized, and intelligent modern people-centered cities, and forge a new path of urban modernization with Chinese characteristics. China is willing to work with all parties to advance the implementation of the UN 2030 Agenda for Sustainable Development and the New Urban Agenda, so that the fruits of urban development can better benefit people around the world and truly realize the vision of "Better Cities, Better Life." Prior to the opening ceremony, He Lifeng met with UN-Habitat Executive Director John Rosbach. He Lifeng stated that China is willing to expand strategic cooperation with UN-Habitat, practice the global governance concept of consultation, joint contribution, and shared benefits, and help countries in the Global South achieve sustainable urban development. Rosbach stated that UN-Habitat is willing to continue to deepen practical cooperation with China and jointly contribute to improving the global living environment. (Xinhua)

15:21:28

[National Data Administration Holds Symposium on Data Labeling Pilot Program to Promote High-Quality Dataset Construction "Demand-Driven Supply" and "Use-Driven Construction"] According to the official WeChat account of the National Data Administration, the National Data Administration held a symposium in Beijing on the afternoon of October 27 to promote the pilot program for data labeling. The symposium summarized the progress of the pilot program, exchanged typical experiences, and deployed key tasks for the next stage. The meeting emphasized that data labeling has significant scenario-based characteristics, requiring collaboration and joint planning among various regions and stakeholders. The next steps are: First, to "determine supply based on demand" by creating a dataset demand map, conducting a statistical survey of upstream and downstream entities related to pilot cities for data labeling, and understanding the short-term and long-term needs for high-quality datasets. Second, to "promote construction through use" by implementing "modulus-database resonance" scenarios, guiding pilot cities for data labeling, industry leaders in high-quality dataset construction, and pilot units to evaluate the effectiveness of their work through scenario application results. Third, to continuously guide labeled datasets to register in the National Dataset Management and Service System, track the application of datasets that have passed quality evaluation, and promote the effective reuse and expansion of datasets.

10:49:02

[Standing Off at Poland's Constitutional Court Escalates; Judicial Appointment Dispute Triggers "Coup" Allegations] ⑴ On October 30, local time, the Polish Constitutional Court announced the suspension of its President, Žižekowski, and Vice President, Šokhaniski, for one month. Senior judge Krwin Piotrowski temporarily assumed the court's duties. Subsequently, the court's official account accused the website of being "illegally taken over," claiming the President remained in office and alleging the actions constituted a "coup." ⑵ Polish President Nawroczyk, en route to Senegal, immediately interrupted his trip and returned to Warsaw, stating that "at such a moment, the President must remain in Poland." Upon arrival, he met with the Chief Justice of the Supreme Court and the President of the Constitutional Court and entered the courthouse. ⑶ That evening, a large number of protesters gathered outside the Constitutional Court, some clashing with police. Three people attempting to storm the courthouse were apprehended, and the clashes resulted in multiple injuries. Opposition figures, including Law and Justice party leader Kaczynski, arrived and accused the Tusk government of attempting to seize control of the courts by force. (4) Tusk defended his actions on social media, stating that after "years of lawlessness by the Law and Justice Party," restoring the rule of law required decisive action, and "there was no other way." (5) The root of this standoff lies in a long-standing dispute over judicial appointments: of the judges elected by the majority in the Sejm, Nawrocsky only accepted the oaths of some, while the identities of the remaining judges were not recognized by the president and the court president. Neither side recognized the judges nominated by the other, leading to a near-paralysis of the Constitutional Court. (6) The European Court of Justice previously ruled that the Polish Constitutional Court no longer constituted an "independent and impartial court." The Tusk government used this ruling as a basis to stop publishing court judgments, while the Constitutional Court president refused to accept the suspension, citing the legality of previous appointments. Both sides held differing views on the legal basis. (7) The crisis also showed signs of spillover. The Polish ambassador to China, Kumoch, announced his resignation after the incident, stating that he "could no longer serve the Republic." The Law and Justice Party, on the other hand, invoked the coup clause in the criminal code, demanding that Tusk be held accountable.

10:46:28

[Bank of Japan Accelerates ETF Sales, Potentially Providing Funding for Fiscal Spending] ⑴ The Bank of Japan announced on Friday that, starting next January, the annual sales volume of ETFs, based on book value, will increase from the current 330 billion yen to 860 billion yen, equivalent to US$5.5 billion. ⑵ With the accelerated sales, the time required to complete all sales is expected to be shortened from 112 years to approximately 43 years. ⑶ According to law, the Bank of Japan is required to remit surplus income to the government after deducting dividends and other expenses. The proceeds from ETF sales can increase the amount remitted, bringing additional non-tax revenue to the government. ⑷ Senior economist Taro Kimura estimates that the accelerated sales could generate approximately 800 billion yen in additional revenue annually for the Bank of Japan. This potential additional revenue will help Sanae Takaichi raise funds for her policies when preparing the next fiscal year's budget. ⑸ Her proposed policy commitments include a two-year food consumption tax reduction, a 14-year growth investment plan, and increased defense spending. (6) The additional funds deposited by the Bank of Japan may also be used to subsidize the special account for economic security planned by the current government. Kazumasa Ishii, a wealth management strategist at UBS Sumitomo Mitsui Trust and a former Cabinet Office official, said that the funds deposited by the Bank of Japan are more suitable for supporting multi-year projects than for filling the large temporary revenue gap caused by policies such as consumption tax cuts.

10:10:45

[Yan Diyong, Vice President of the China Gold Association, Holds Working Meeting with Zhang Xiaohai, Chairman of Shandong Gold Group] On October 29, Yan Diyong, Secretary of the Party Committee and Vice President of the China Gold Association, and Zhang Xiaohai, Vice President of the Association and Secretary of the Party Committee and Chairman of Shandong Gold Group Co., Ltd., held a working meeting in Beijing. The two sides conducted in-depth exchanges and reached a consensus on jointly promoting the regular holding of the China International Gold Conference, deepening industry collaboration to solve development problems, and promoting the high-quality development of the gold industry. Yan Diyong stated that the Association is preparing for the 2026 International Gold Market Conference and Hainan Free Trade Port Gold Industry Development Conference to be held in Haikou in December. The conference will invite relevant institutions from Hong Kong to participate, focusing on discussions on the interconnection between the mainland and Hong Kong gold markets, helping to accelerate the implementation of Hainan Free Trade Port policy dividends, and promoting the internationalization of the gold industry. He expressed hope that both sides will continue to strengthen cooperation in policy research, organization of major events, and international market expansion, contributing to safeguarding national strategic resource security and promoting the high-quality development of the gold industry. (China Gold Association)

09:41:21

[National Bureau of Statistics: Service Sector Business Activity Index at the Critical Point] On October 31, 2026, the Service Sector Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing released the China Purchasing Managers' Index (PMI). Huo Lihui, Chief Statistician of the Service Sector Survey Center of the National Bureau of Statistics, provided an interpretation. The service sector business activity index is at the critical point. The service sector business activity index was 50.0%, a decrease of 0.2 percentage points from the previous month, indicating a slight decline in service sector activity. From an industry perspective, the business activity indices of major service sectors all rebounded. Among them, the business activity indices of railway transportation, accommodation, and culture, sports, and entertainment, which are related to travel consumption during the National Day holiday, rebounded significantly and remained in the expansion range, indicating increased market activity. The business activity indices of water transportation, postal services, and internet software and information technology services were all above 55.0%, indicating a relatively high level of prosperity, with related enterprises experiencing rapid growth in business volume. Only the financial industry saw a significant decline in its business activity index, which is the main reason for the slight decline in service sector activity this month. The service sector business activity expectation index was 55.2%, continuing to be in a relatively high level of prosperity, indicating that most enterprises remain confident in the development of the service sector market.

09:33:27

[National Bureau of Statistics: Non-Manufacturing Business Activity Index at 49.7% in October] In October, the non-manufacturing business activity index was 49.7%, down 0.5 percentage points from the previous month, indicating a decline in the non-manufacturing sector's business activity level. By sector, the construction business activity index was 48.0%, down 2.3 percentage points from the previous month; the service sector business activity index was 50.0%, down 0.2 percentage points from the previous month. Within the service sector, the business activity indices for railway transportation, water transportation, postal services, and internet software and information technology services were all above 55.0%, indicating a relatively high level of activity; while the business activity indices for capital market services, insurance, and real estate were all below the critical point. The new orders index was 44.4%, down 2.1 percentage points from the previous month, indicating a decline in market demand in the non-manufacturing sector. By sector, the construction new orders index was 40.0%, down 5.7 percentage points from the previous month; the service sector new orders index was 45.2%, down 1.5 percentage points from the previous month. The input price index was 51.5%, down 1.0 percentage point from the previous month, indicating that the overall price increase of inputs used by non-manufacturing enterprises for operating activities narrowed. By sector, the input price index for the construction industry was 52.4%, down 1.6 percentage points from the previous month; the input price index for the service industry was 51.4%, down 0.8 percentage points from the previous month. The sales price index was 49.5%, down 0.8 percentage points from the previous month, indicating that the overall sales price level of non-manufacturing enterprises declined somewhat. By sector, the sales price index for the construction industry was 48.9%, up 0.4 percentage points from the previous month; the sales price index for the service industry was 49.6%, down 1.0 percentage point from the previous month. The employment index was 46.0%, up 0.1 percentage point from the previous month, indicating a slight improvement in the employment situation of non-manufacturing enterprises. By sector, the employment index for the construction industry was 42.0%, down 2.3 percentage points from the previous month; the employment index for the service industry was 46.7%, up 0.5 percentage points from the previous month. The business activity expectation index was 54.7%, down 0.8 percentage points from the previous month, but still above the critical point, indicating that non-manufacturing enterprises maintain confidence in market development. By sector, the business activity expectation index for the construction industry was 52.3%, down 3.1 percentage points from the previous month; the business activity expectation index for the service industry was 55.2%, down 0.3 percentage points from the previous month.

09:32:18

China's official composite PMI for October

Previous : 50.70 Forecast : -

Published Value 49.70

Previous

08:37:59

[Shanghai Shipping Exchange: Crude Oil Freight Rates Rise Slightly This Week, Dry Bulk and Container Indices Diverge] ⑴ According to the Shanghai Shipping Exchange, Brent crude oil futures prices rose slightly this week, closing at $114.88 per barrel on Thursday, up 1.51% from October 22. ⑵ Global crude oil shipping market saw VLCC tanker freight rates fluctuate at high levels. China's imported VLCC shipping market saw a slight increase in freight rates. On October 29, the China Imported Crude Oil Freight Index was 17392.47 points, up 1.6% from October 22. ⑶ The international dry bulk shipping market saw divergent freight rate trends across the three vessel types. Panamax vessels were weak, Supramax vessels remained stable, and Capesize vessels provided strong support to the market in the second half of the week, driving the Far East dry bulk charter rate index to stop falling and rise. (4) Capesize vessels saw a release of iron ore cargoes in both the Atlantic and Pacific markets, tightening available capacity and driving up freight rates. Panamax vessels experienced a significant drop in daily charter rates due to the sluggish Atlantic market. Supramax vessels were affected by weak demand for coal and nickel ore returning to China, but strong demand for steel exports from northern China and robust demand for coal transportation from Indonesia to Southeast Asia and India kept daily charter rates high. (5) On October 29, the Far East Dry Bulk Charter Rate Index was 2254.38 points, a slight increase of 0.3% compared to October 22. (6) The coastal bulk cargo market showed divergent trends. Coal freight rates declined after the typhoon subsided, while coastal grain freight rates rose seasonally. Diesel shipping demand provided some support. On October 30, the China Coastal Bulk Cargo Composite Freight Rate Index was 1122.1 points, an increase of 1.3% compared to the previous period. (7) China’s export container shipping market remained basically stable, with freight rates on different routes showing divergent trends. The composite index rose slightly. On October 30, the Shanghai Export Container Freight Index was 3687.35 points, up 0.2% from the previous period.

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