Domestic News - The Chinese government emphasizes the need to expand domestic demand and strengthen the domestic circulation to stimulate market vitality and increase quality supply [1][2] - The Ministry of Commerce responds to U.S. trade measures, stating that imposing high tariffs is not the correct approach for bilateral relations and urges the U.S. to correct its actions [1][2] - In the first nine months, China's new energy vehicle production and sales both exceeded 10 million units, with a year-on-year increase of over 30% [1][2] - The National Development and Reform Commission predicts that China's GDP will reach approximately 140 trillion yuan by 2025, marking a significant milestone [1][2] - The Consumer Price Index (CPI) in September showed a year-on-year decline of 0.3%, while the core CPI rose by 1.0%, indicating a continuous expansion in inflationary pressure [1][2] Financial Sector - The Ministry of Finance plans to advance the issuance of the 2026 local government debt limit to support major strategic projects and stabilize local finances [2] - The People's Bank of China reports that the broad money supply (M2) reached 335.38 trillion yuan at the end of September, growing by 8.4% year-on-year [2] - The average interest rate for newly issued corporate loans was approximately 3.1%, down by about 40 basis points year-on-year [2] Automotive Industry - The production and sales of new energy vehicles in China reached 11.24 million and 11.22 million units respectively in the first nine months, with year-on-year growth rates of 35.2% and 34.9% [2][3] Regulatory Actions - The State Administration for Market Regulation has initiated an investigation into Qualcomm for alleged anti-competitive practices related to its acquisition of Autotalks [3] - The Ministry of Commerce clarifies that the recent export control measures on rare earths are part of China's efforts to enhance its export control system and are not targeted at specific countries [2][3]

Group 1 - Beijing will waive toll fees for passenger vehicles with 7 seats or fewer from May 1 to May 5, 2025, during the "May Day" holiday [1] - Anticipated traffic congestion is expected on highways such as Jingzang and Jingcheng, particularly during peak travel times [1] - Traffic management measures will be implemented to monitor and alleviate congestion, ensuring a 100% opening rate during peak hours [1] Group 2 - Beijing's highway service areas have achieved full coverage of charging facilities for electric vehicles, with 481 charging piles and 637 charging spaces [2] - The proportion of charging spaces is 24.7%, including 11 supercharging spaces and 10 battery swap stations [2] - On April 30, the last working day before the holiday, a significant increase in traffic is expected due to overlapping peak periods, with the evening peak starting as early as 2 PM [2]