Macro front: The U.S. announced the suspension of the export control rule of penetration from November 10, 2025, to November 9, 2026. The Ministry of Commerce responded, stating that this is an important measure by the U.S. to implement the consensus from the China-U.S. Kuala Lumpur economic and trade consultations. Arrangements after the one-year suspension will continue to be discussed. (Bullish ★) According to foreign media reports, Mexico's plan to impose tariffs on China has been postponed again and is scheduled for deliberation in Congress as early as December. Against the backdrop of certain countries arbitrarily imposing tariffs, China and Mexico should strengthen communication and coordination to jointly uphold free trade and multilateralism. (Bullish ★) Minister of Commerce Wang Wentao pointed out that more detailed measures will be introduced in areas such as vigorously boosting consumption, steadily expanding institutional opening-up, actively expanding autonomous opening-up, promoting innovative development of trade, expanding two-way investment cooperation, and high-quality joint construction of the "Belt and Road," along with high-quality compilation of a series of special plans for the commerce sector. (Bullish ★)
