Electricity Consumption Overview - In September, total electricity consumption reached 888.6 billion kWh, a 4.5% year-over-year increase [1] - From January to September, total electricity consumption cumulatively reached 7767.5 billion kWh, a 4.6% year-over-year increase [1] - In August, total electricity consumption reached 1015.4 billion kWh, a 5.0% year-over-year increase [1] Sectoral Electricity Consumption (September) - Primary industry electricity consumption was 12.9 billion kWh, a 7.3% year-over-year increase [1] - Secondary industry electricity consumption was 570.5 billion kWh, a 5.7% year-over-year increase [1] - Tertiary industry electricity consumption was 176.5 billion kWh, a 6.3% year-over-year increase [1] - Residential electricity consumption in urban and rural areas was 128.7 billion kWh, a 2.6% year-over-year decrease [1] Sectoral Electricity Consumption (August) - Primary industry electricity consumption was 16.4 billion kWh, a 9.7% year-over-year increase [1] - Secondary industry electricity consumption was 598.1 billion kWh, a 5.0% year-over-year increase [1] - Tertiary industry electricity consumption was 204.6 billion kWh, a 7.2% year-over-year increase [1] - Residential electricity consumption in urban and rural areas was 196.3 billion kWh, a 2.4% year-over-year increase [1]

Trade Restrictions - The Trump administration is considering restricting exports to China of software-driven products, ranging from laptops to jet engines [1] - The restrictions aim to retaliate against Beijing's latest round of rare earth export controls [1] - The plan intends to prohibit exports of "critical software" or goods produced using US software to China [1]

Geopolitical Relations - The cancellation of a planned summit between Trump and Putin due to a perceived lack of progress in diplomatic efforts and unfavorable timing [1] - Potential obstacles in US-Russia relations, indicated by the postponement of a meeting between US Secretary of State Rubio and Russian Foreign Minister Lavrov, reportedly due to disagreements on ending the Russia-Ukraine war [1] US Foreign Policy & Media - Trump refuted a Wall Street Journal report regarding US approval for Ukraine to use Western-supplied long-range missiles to strike deep inside Russian territory, stating the US has "nothing to do with those missiles" [1]

Trade Negotiations - The U S expects the meeting between President Trump and President Xi to proceed as scheduled [1] - Negotiations are meaningful, but require further observation [1] - The U S Treasury Secretary and Trade Representative will meet with Chinese officials in Malaysia to explore opportunities for advancement [1] Agricultural Products - The U S frequently discusses soybeans with China, and President Trump will raise the issue of agricultural products with the Chinese side [1] Rare Earth Elements - The U S is diversifying its rare earth procurement channels and focusing on activating rare earth production capacity within the U S [1]

彭博：长江存储正考虑明年在中国内地进行IPO，估值可能在2000至3000亿元，这可能是内地近年来最大的IPO。目前长江存储和长鑫存储的IPO细节仍处于初步阶段。 https://t.co/dMM4jZ6XN6外汇交易员 (@myfxtrader):路透：长鑫存储计划明年一季度在上海IPO，估值最高可达3000亿元。长鑫存储据悉计划通过此次发行筹集200亿至400亿元，可能最早于11月向投资者公布招股说明书。长鑫存储正在大力投资，以赶超韩国SK海力和三星等市场领先者，尤其是在高带宽内存（HBM）领域。 ...

Economic Outlook - The report analyzes how China's latest economic data will influence short-term policies [1] Bank Analysis - Mitsubishi UFJ Bank provides insights on the potential policy responses based on the economic data [1]

Industry Trend - Domestic mobile phone manufacturers such as Xiaomi and OPPO are accelerating their layout in compatibility with the Apple ecosystem [1] - OPPO mobile phones' remote control and file transfer functions for Mac are even better than most remote software [1] Technology Development - Huawei's HarmonyOS 6 will achieve cross-ecosystem interconnection, supporting data transfer with Apple devices without cellular data, enabling fast near-field data transmission and breaking device boundaries [1]

#数据 根据2023/24年度USDA数据，日本是美国大豆第五大出口市场，占美国大豆出口总量约5%。 https://t.co/vRbkAMqN0n外汇交易员 (@myfxtrader):路透：随着日本新任首相高市早苗周三开始履新，日本政府开始敲定一篮子采购计划，包括美国皮卡、大豆和天然气，以便在下周的贸易和安全会谈中向特朗普提出。两国领导人将于下周初在东京举行会谈。此前前任首相石破茂曾同意在美国投资5500亿美元以换取美国降低日本汽车关税。 ...

Potential Acquisition Targets - Chinalco may be interested in Rio Tinto's Simandou iron ore project in Guinea (75% owned by China) [1] - Chinalco previously attempted to acquire the Simandou iron ore project in 2016 but was unsuccessful [1] - Another potential swap deal could involve Rio Tinto's titanium business [1] - Chinalco may be interested in Rio Tinto's Oyu Tolgoi copper mine in Mongolia [1] Industry Dynamics - China is the world's largest producer and consumer of titanium dioxide [1] - Titanium dioxide is mainly used in paints, cosmetics, and military equipment [1]

路透：力拓正在探索与国有矿业巨头中国铝业进行资产换股权的可能性，此举将部分削减中铝在力拓的11%持股，从而使力拓能够重启回购并寻求开展新的战略性交易。消息人士称，国有矿业巨头中国铝业将用部分持股换取在力拓部分矿业资产中的合作，这将结束15年来束缚力拓灵活性的治理限制。 ...