• The "Three-Year Doubling" Action Plan has been released, aiming to establish 28 million electric vehicle charging facilities by the end of 2027. • The marketization of data factors is advancing further, with seven national digital economy innovation development pilot zones set to implement 158 reform measures. • Long-term debts are under pressure from deficit concerns; the IMF warns Japan against boosting the economy through increased debt. • On October 15, Foreign Ministry spokesperson Lin Jian stated at a regular press conference that China's competent authorities have clarified their stance on rare earth export controls. China is implementing export controls on relevant items according to the law, aiming to better maintain peace and stability in the region and globally while fulfilling international obligations such as non-proliferation, in line with international practices. • A spokesperson for the Ministry of Commerce revealed on October 15 that China has requested consultations with India regarding its electric vehicle and battery subsidy measures at the WTO. The Indian measures potentially violate multiple obligations, including national treatment, and constitute prohibited import substitution subsidies. These actions provide an unfair competitive advantage to Indian industries and harm Chinese interests. China will take firm measures to protect the legitimate rights and interests of its domestic industries. • In September, the consumer market operated overall steadily, with the Consumer Price Index (CPI) rising 0.1% month-on-month and falling 0.3% year-on-year. The core CPI, excluding food and energy prices, increased 1.0% year-on-year, marking the fifth consecutive month of growth. The construction of a unified national market is deepening, market competition is continuously optimized, and the Producer Price Index (PPI) remained flat month-on-month while declining 2.3% year-on-year, an improvement of 0.6 percentage points from last month. • According to the People's Bank of China, at the end of September, the balance of broad money (M2) was 335.38 trillion yuan, up 8.4% year-on-year. The balance of narrow money (M1) reached 113.15 trillion yuan, growing 7.2% year-on-year. The balance of currency in circulation (M0) stood at 13.58 trillion yuan, increasing 11.5% year-on-year. In the first three quarters, a net cash injection of 761.9 billion yuan occurred. The cumulative incremental social financing scale for the first three quarters of 2025 was 30.09 trillion yuan, 4.42 trillion yuan more than the same period last year. By the end of September 2025, the stock of social financing scale was 437.08 trillion yuan, growing 8.7% year-on-year. • Data from the People's Bank of China shows that the weighted average interest rate for newly issued loans (in both domestic and foreign currencies) in September was approximately 3.1%, around 40 basis points lower than the same period last year. The weighted average interest rate for new personal housing loans (in both domestic and foreign currencies) was also about 3.1%, approximately 25 basis points lower than a year ago. • The National Development and Reform Commission, along with other departments, has issued a notice regarding the "Three-Year Doubling" Action Plan for electric vehicle charging infrastructure services (2025–2027), which proposes to build 28 million charging facilities nationwide by the end of 2027, providing over 300 million kilowatts of public charging capacity to meet the charging needs of more than 80 million electric vehicles, thereby doubling charging service capacity. • Recently, the National Bureau of Statistics published a reply concerning the construction plan for national digital economy innovation development pilot zones, approving plans for pilot zones in Tianjin, Xiong'an New Area of Hebei, Shanghai, Jiangsu, Zhejiang, Guangdong, and Sichuan. The Bureau distilled 158 reform items focusing on seven aspects including the marketization of data factors, infrastructure construction, productivity distribution, regional cooperation, integration of technological and industrial innovation, scenario application expansion, and appropriate reform, with the aim of better guiding the experimental zones to achieve reform effectiveness. • Minister of Industry and Information Technology Li Lecheng met with Apple CEO Tim Cook in Beijing on October 15, discussing Apple's business development in China and strengthening cooperation in the electronic information sector. Li expressed hope that Apple would continue to deepen its commitment to the Chinese market and actively participate in China's new industrialization process, collaborating with upstream and downstream enterprises in China's industrial chain for innovative development. • As of the end of September, the total number of varieties of consumer goods registered for barcodes in China reached 230 million. Statistics show that in the first three quarters of this year, 19.922 million new consumer goods registered for barcodes, an increase of 31.4% year-on-year, involving 295,000 enterprises. • On October 15, Yang Hongfeng, first-level inspector of the Price Monitoring and Competition Bureau under the State Administration for Market Regulation, introduced at a special press conference that local market supervision authorities have intensified efforts against false advertising and infringements of the legitimate rights and interests of the elderly in private livestreaming rooms. Targeted methods such as strengthening electronic evidence collection, cross-regional collaborative case handling, and comprehensive chain "penetrative" supervision have been applied to enhance legal, credit, and smart regulatory capabilities and rigorously combat unfair competition, steadfastly protecting the legitimate rights and interests of consumers, especially the elderly. • The Hainan Securities Regulatory Bureau announced on October 15 the registration of pilot institutions for cross-border asset management in Hainan's free trade port. The announcement revealed that on October 14, Jinyuan Securities, Wanhua Securities, Huibaichuan Fund, Peng'an Fund, the Haikou branch of Industrial Bank, and the Haikou branch of Shanghai Pudong Development Bank had completed registration for engaging in pilot cross-border asset management business in Hainan's free trade port. • On October 15, spot gold prices continued to rise, breaking the $4,200 per ounce barrier for the first time in history, with an intraday increase of over 1.4%. On the same day, multiple gold jewelry brands reported that domestic prices for gold jewelry also surged, with some exceeding 1,235 yuan per gram. • The first quarterly report of the Star Market has been released. Haiguang Information announced that its third-quarter revenue exceeded 4 billion yuan for the first time, approximately 4.026 billion yuan, a year-on-year increase of 69.6% and a sequential increase of 31.38%. The revenue for the first three quarters of this year reached 9.49 billion yuan, up 54.65% year-on-year. The third-quarter net profit attributable to the parent company achieved 760 million yuan, setting a historical record with a year-on-year growth of 13.04% and a sequential increase of 9.26%. The net profit for the first three quarters was 1.961 billion yuan, a year-on-year increase of 28.56%. • Sanhua Intelligent Control announced that it has noted a surge of rumors online regarding large robot orders the company received. Upon verification, the rumors are untrue, and there are no significant undisclosed matters. Previously, rumors suggested that Tesla had placed large orders worth over 5 billion yuan with Sanhua Intelligent Control. On October 15, the company's stock price surged and hit the daily limit, closing at 44.18 yuan per share, while its Hong Kong stock price rose 12.92% to 39.5 Hong Kong dollars. • The International Monetary Fund (IMF) has warned that Japan should avoid boosting its economy through increased debt. Long-term bond yields have come under pressure due to concerns over fiscal spending resulting from political instability. IMF Asia-Pacific Department Deputy Director Nada Shoury emphasized that any measures should be "temporary and targeted," using allocated budget resources rather than increasing the deficit. The IMF noted that Japan’s public debt-to-GDP ratio is the highest among developed countries and is projected to reach 230% this year. • U.S. President Trump stated during a meeting with visiting Argentine President Milei on October 14 that if Milei fails to win the election, the U.S. would stop providing financial support to Argentina. On October 9, the U.S. Treasury announced it would directly purchase Argentine pesos and finalized a $20 billion currency swap framework agreement with the Argentine Central Bank. Multiple media outlets suggest that the U.S. intervention aims to assist Milei’s ruling coalition, the "Libertarian Forward Party," in the upcoming mid-term congressional elections on October 26. • The U.S. government shutdown has now lasted two weeks, with no signs of resolution in the short term. Meanwhile, the divide between Republicans and Democrats continues, with a short-term funding bill proposed by Republicans failing to pass in the Senate for the eighth time on October 14. President Trump announced he will make public a list of "Democratic projects" he intends to cut. • Goldman Sachs recently released a research report indicating that by the end of this year, American consumers may bear 55% of tariff costs. • For the week ending October 10, API crude oil inventories saw a change of 7.36 million barrels, against an expectation of 233,000 barrels and a previous value of 2.78 million barrels. • The New York manufacturing index soared to 10.7 in October, significantly exceeding expectations and returning to the expansion zone. New orders and shipments rebounded, and supply constraints intensified price pressures, heightening inflation risks. Despite weak capital expenditures, corporate outlooks remain optimistic, illustrating a regional economy marked by resilience amid cost transmission pressures. • Federal Reserve Board member Milan indicated that the more significant divergence among policymakers is about the pace of interest rate cuts rather than the ultimate target; he holds a more optimistic view on inflation, primarily due to projected housing costs. Milan believes there’s no need for cuts exceeding 50 basis points. • The French National Institute of Statistics and Economic Studies (INSEE) released final data on October 15, showing that France's Consumer Price Index (CPI) rose 1.2% year-on-year in September, slightly faster than August's 0.9% growth. Month-on-month, it fell by 1.0%, reversing last month's 0.4% increase.