{"id":18964,"date":"2025-10-24T09:20:06","date_gmt":"2025-10-24T01:20:06","guid":{"rendered":"https:\/\/www.orientfutures.com.sg\/?p=18964"},"modified":"2025-11-05T17:48:21","modified_gmt":"2025-11-05T09:48:21","slug":"morning-brief-2025-10-24","status":"publish","type":"post","link":"https:\/\/of.sbwd.website\/zh\/research\/morning-brief-2025-10-24\/","title":{"rendered":"Morning Brief 2025-10-24"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18964\" class=\"elementor elementor-18964\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4025ec7 e-con-full e-flex e-con e-parent\" data-id=\"4025ec7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-945fb5f elementor-widget elementor-widget-text-editor\" data-id=\"945fb5f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Policy<\/b><\/p><p><span data-blocked-bgimage=\"initial\">-The Fourth Plenary Session of the 20th Central Committee of the CPC deliberated and adopted the \u201cSuggestions of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development\u201d, focusing on the development goals for the period from 2026 to 2030. With the cultivation of new productive forces as the core engine, and centering on the three main lines of scientific and technological leadership, domestic demand promotion, and secure development, it clarifies the key directions such as the future industrial layout, the strengthening of people&#8217;s livelihood protection, and the self-control of the industrial chain, providing strategic guidance for Chinese-style modernization.<\/span><\/p><p><span data-blocked-bgimage=\"initial\"><b>Sectors<\/b><\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Ministry of Commerce answered reporters\u2019 questions on the 19th round of EU sanctions against Russia. China urged Europe to immediately stop listing Chinese enterprises. China will take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises, and resolutely safeguard its own energy security and economic development.<\/span><\/p><p><span data-blocked-bgimage=\"initial\"><b>Co\u2019s focus<\/b><\/span><\/p><p><span data-blocked-bgimage=\"initial\">-Anshi China: The relevant decisions of Holland headquarters have no legal effect in China.<\/span><\/p><p><span data-blocked-bgimage=\"initial\"><b>Data<\/b><\/span><\/p><p><span data-blocked-bgimage=\"initial\">-National Energy Administration data: the total electricity consumption of the whole society reached 888.6bn KWH in Sep, up 4.5% y\/y. Among this, the electricity consumption of the primary industry was 12.9bn KWH, up 7.3% y\/y; that of the secondary industry was 570.5bn KWH, up 5.7% y\/y; the tertiary industry consumed 176.5bn KWH, up 6.3% y\/y; and the electricity consumption of urban and rural residents for daily use stood at 128.7bn KWH, down 2.6% y\/y. From Jan to Sep, the cumulative electricity consumption of the whole society amounted to 7,767.5bn KWH, up 4.6% y\/y.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2604ec3 elementor-widget elementor-widget-button\" data-id=\"2604ec3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/of.sbwd.website\/wp-content\/uploads\/2025\/10\/Morning-Brief-2025-10-24.pdf\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">\u5206\u949f<\/span><\/span>The Fourth Plenary Session of the 20th Central Committee of the CPC deliberated and adopted the \u201cSuggestions of the Central Committee of the Communist Party of China on Formulating the 15th Five-Year Plan for National Economic and Social Development\u201d, focusing on the development goals for the period from 2026 to 2030.<\/p>","protected":false},"author":3,"featured_media":18966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","_links_to":"","_links_to_target":""},"categories":[33],"tags":[],"post_language":[],"class_list":["post-18964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.5 (Yoast SEO v27.2) - 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