A · Important
[Selected morning news on November 10] 1. Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference yesterday. AFP reporter asked: US President Trump said that he may meet with the heads of state of China and Russia during the APEC Shenzhen Summit to discuss issues such as ending the US-Iran conflict and denuclearization. Guo Jiakun said that China has maintained communication with relevant parties regarding the meeting between the heads of state of China, Russia and the United States. 2. Foreign Ministry Spokesperson Guo Jiakun hosted a regular press conference yesterday. An AFP reporter asked: Reuters reported that 600,000 high-end American Nvidia chips are in Hong Kong and will be sent to mainland China. Mainland China has not yet approved the import of these chips. Guo Jiakun said that China’s position on the issue of US chips exported to China is consistent. 3. The spokesperson of the Ministry of Commerce answered a reporter’s question on measures to adjust the unreliable entity list and export control list: In order to implement the consensus of the eighth round of economic and trade consultations between China and the United States, China has decided to continue to suspend relevant measures for two months starting from November 10. On the same day, the Ministry of Commerce announced that it would continue to suspend the implementation of countermeasures against five U.S.-related subsidiaries of Hanwha Marine Co., Ltd. for two months. 4. At the 2026 Space Cloud Industry Ecology Conference held on November 9, China’s space cloud industrialization results such as the “Nebula Constellation Project” were released. This plan is a full-stack domestic space computing network jointly developed by the Aerospace Information Innovation Institute of the Chinese Academy of Sciences and domestic science and technology enterprises, covering the entire industry chain from domestic computing chips to satellite applications. 5. According to data released by the China Passenger Car Association, new energy vehicle sales in October were 1.109 million units, a year-on-year decrease of 13.7%, and a month-on-month increase of 2.3%; new energy vehicle exports were 582,000 units, a year-on-year increase of 144.7%, and a month-on-month increase of 3.9%. 6. According to statistics from Haikou Customs, from January to October this year, the amount of duty-free shopping on Hainan’s outlying islands was 27.66 billion yuan, with 4.101 million shoppers and 23.113 million items purchased, a year-on-year increase of 12.5%, 8.9%, and 4.4% respectively. 7. The Shanghai Food and Drug Safety Commission issued the "Shanghai Fifteenth Five-Year Plan to Ensure Drug Safety and Promote High-Quality Development of the Pharmaceutical Industry", which proposed to continue to promote the review and approval reform of innovative drug clinical trials and support the research and development of innovative drugs. It also proposed to strive for reforms such as the pilot review of generic drug registration and speed up the launch of first generic varieties. 8. Multiple departments in Shandong Province jointly issued the "Shandong Province Action Plan to Accelerate the High-Quality Development of the Papermaking Industry (2026-2030)", which proposes that by 2030, the operating income of papermaking and paper products enterprises above designated size in the province will reach about 205 billion yuan, cultivate about 5 internationally renowned enterprises with more than 10 billion yuan, and implement six major actions and 16 measures, including ensuring the supply of raw materials, piloting technological innovation, and upgrading the industrial structure. 9. 2-board Oriental New Energy announced that it signed a 912 million yuan computing power board purchase contract. Qingyi Optoelectronics announced that its holding subsidiary plans to invest no more than 1.5 billion yuan in the construction of the third phase of a high-end semiconductor mask production base construction project. 10. Awinic Electronics announced that it planned to purchase the equity of Yutai shares and the stock was suspended. Tianbang Food announced that it signed a restructuring investment agreement with Tongwei Group, with a total investment of 1.441 billion yuan. 11. COSCO Shipping Energy announced that it planned to invest 5.689 billion yuan in the construction of 6 VLCC crude oil tankers; on the same day, it announced that its subsidiary planned to invest 3.793 billion yuan in the construction of 4 VLCC crude oil tankers. 12. The three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising 2.15%, the Nasdaq Composite Index rising 2.74%, and the S&P 500 Index rising 2.34%. Chip stocks rose sharply, with the Philadelphia Semiconductor Index rising by 6.85%, AMD rising by over 13%, and Applied Materials rising by over 11%. NVIDIA fell 4.22% and hit a new closing low in the past seven months. 13. Trump said that military action against Iran does not seem to be necessary at the moment; the United States is maintaining Iran's status quo; Iran is talking to the United States "very politely"; we will wait and see, it is likely to end. 14. Canada said it would extend extensive tariff relief measures for U.S. imports for one year. Tariff reductions will be extended to certain goods. 15. Democratic members of the U.S. Congress stated that after taking over Congress in January next year, they will launch investigations into American billionaire Elon Musk, White House Chief of Staff Stephen Miller, and some companies. 16. It is reported that Google will launch two new tensor processor (TPU) chips, TPU 8tx and 8i Max, to meet the needs of different AI applications. 17. International oil prices fell to the lowest since August. WTI crude oil for December delivery fell 4.4%, with a settlement price of US$86.85 per barrel; Brent crude oil for January delivery fell 5.9%, with a settlement price of US$92.57 per barrel.
Global market intelligence 🕐 2026-11-10 08:00

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