Economic Indicators and Corporate Performance - China's services trade deficit has widened to $164.4 billion for the January-October period, with a deficit of $11.2 billion in October alone, indicating ongoing challenges in balancing international trade in services [2][10] - Meituan reported a disappointing third quarter with an adjusted net loss of 16.0 billion yuan, which is significantly wider than the estimated loss of 13.96 billion yuan, and its revenue of 95.5 billion yuan fell short of the 97.47 billion yuan estimate [4][10] Regulatory Developments - The Industry Ministry of China plans to regulate excessive competition in the battery sector and aims to guide battery firms in expanding overseas in a "reasonable and orderly" manner, indicating a strategic effort to consolidate and globalize the industry [3] Global Economic Trends - Germany's labor market showed mixed signals with a slight increase in unemployment by 1,000, while the unemployment rate remained stable at 6.3%, and inflation data indicated a monthly decline of 0.2% in November [5][10] - Taiwan's economy demonstrated robust performance with a preliminary Q3 GDP growth of 8.21% year-over-year, exceeding the estimated 7.60%, and the 2026 GDP growth forecast was revised upwards to 3.54% from 2.81% [8][10] Market Trends - Gold is experiencing a significant rally, poised for its fourth consecutive monthly gain, driven by optimism over potential Federal Reserve interest rate cuts, which typically boosts the appeal of non-yielding assets like gold [11]