Domestic News - The 20th Central Committee of the Communist Party of China proposed to build a strong domestic market and accelerate the construction of a new development pattern, emphasizing the importance of expanding domestic demand and promoting consumption and investment [1] - The Ministry of Commerce reported that as of October 22, 2025, the number of applications for the vehicle trade-in subsidy exceeded 10 million, with over 3.4 million vehicles scrapped and more than 6.6 million vehicles replaced [2] - In the first nine months of 2025, the national online retail sales increased by 9.8%, with significant growth in digital products, online services, and instant e-commerce [2] Energy Sector - The National Energy Administration reported that in September, the total electricity consumption reached 8,886 billion kilowatt-hours, a year-on-year increase of 4.5%, with the first industry growing by 7.3% and the second industry by 5.7% [3] - Cumulatively, from January to September, total electricity consumption was 77,675 billion kilowatt-hours, reflecting a year-on-year growth of 4.6% [3] International News - The Bank of Korea decided to maintain the benchmark interest rate at 2.50%, which was in line with market expectations [4] - The U.S. electric vehicle manufacturer Tesla reported third-quarter revenue of $28.1 billion, a 12% increase year-on-year, while net profit decreased by 37% to $1.37 billion [5]
新华财经晚报:中美将在马来西亚举行经贸磋商
Xin Hua Cai Jing·2025-10-23 14:03