News Highlights

The Ministry of Commerce announced the total allowable volume, application conditions, and application procedures for non-state crude oil imports in 2027. According to a message posted on the Ministry of Commerce website on October 9, in accordance with the Regulations of the People's Republic of China on the Administration of Import and Export of Goods and China's commitments upon joining the WTO, the Ministry of Commerce formulated the Total Allowable Volume, Application Conditions, and Application Procedures for Non-State Crude Oil Imports in 2027, which are hereby published.

Indonesia's President presided over the launch ceremony for Chinese-funded mining downstream projects. According to a Xinhua News Agency report on October 9, Indonesian President Prabowo on the 8th presided over the launch ceremony for 11 Chinese-funded mining downstream projects at the Weda Bay Industrial Park in Central Halmahera Regency, North Maluku Province. These projects involve a total investment of approximately US$10.2 billion and cover fields including power batteries, nickel-cobalt materials, electrolytic aluminum, and new energy construction machinery and commercial vehicle manufacturing.

Domestic News

The Ministry of Industry and Information Technology released a public notice on 2026 industrial energy conservation and carbon reduction standard research projects. On October 8, the Ministry of Industry and Information Technology issued a public notice on 2026 industrial energy conservation and carbon reduction standard research projects, covering a total of 67 projects in fields including chemicals, steel, nonferrous metals, building materials, rare earths, machinery, light industry, electronics, communications, and comprehensive areas. The public notice period runs from October 8 to October 14, 2026.

A super strong El Nino has formed. According to a Xinhua News Agency report on October 9, monitoring by the National Climate Center shows that a super strong El Nino event formally formed in September 2026. The National Climate Center expects sea surface temperatures in the central and eastern equatorial Pacific to continue rising over the next three months, peaking in late autumn and early winter, and this El Nino event will become the strongest since systematic monitoring began.

More than 11,000 new high-power charging facilities have been added at highway service areas nationwide. According to a CCTV News report on October 9, during this year's National Day holiday, high-power ultra-fast charging facilities were deployed at an accelerated pace, and minute-level charging is changing the travel experience of new energy vehicle owners. At present, more than 11,000 new high-power charging facilities have been added at highway service areas nationwide, equivalent to the total cumulative number previously.

Gansu's new energy power output and generation both hit new highs. According to a Science and Technology Daily report on October 9, according to State Grid Gansu Electric Power Company, Gansu Province's new energy power generation reached 496 million kWh, surpassing the province's total electricity consumption for the day for the first time, reaching 103.95% of the province's electricity consumption that day. At 11:51 the same day, Gansu Power Grid's maximum new energy output climbed to 28.88 million kilowatts, accounting for 80.8% of the province's total power generation output at that time. Both indicators, power output and electricity volume, set new historical records.

Guangxi's Beibu Gulf Port set a new record for ro-ro vehicle exports in a single voyage. According to a China News Service report on October 9, the "Chang Rong Kou" vessel, fully loaded with 2,727 Chinese automobiles, set sail on the 8th from the Qinzhou Port Area of Guangxi's Beibu Gulf Port, heading for Duqm Port in Oman, setting a historical record for ro-ro automobile exports in a single voyage at Beibu Gulf Port. This voyage runs directly from Qinzhou to the Middle East without the need for transshipment en route and arrives in about 15 days, opening an efficient new sea route for Chinese automobile enterprises to expand into the Middle East market.

International News

The head of Iran's Atomic Energy Organization said Iran will not give up uranium enrichment. According to a Xinhua News Agency report, according to Iran's Mehr News Agency on the 8th, Head of Iran's Atomic Energy Organization Eslami said that uranium enrichment is indispensable in the nuclear industry process, and Iran will under no circumstances give up uranium enrichment, nor will it hand over uranium.

The United States imposed a new round of sanctions on Iran. According to a CCTV News report, on October 8 local time, information published on the U.S. Department of the Treasury website showed that the United States imposed a new round of sanctions on Iran, with targets including 17 vessels transporting Iranian crude oil, petroleum products, and petrochemical products. U.S. Treasury officials also said that the United States estimates that about 20 million barrels of Iranian crude oil are currently still stranded on vessels outside the scope of the U.S. blockade on Iranian ports.

Corporate News

China National Nuclear Power: commercial operation power generation in the first three quarters of 2026 increased by 1.25% year on year. According to a message on the Shanghai Stock Exchange website on October 9, China National Nuclear Power issued an announcement that the company's cumulative commercial operation power generation in the first three quarters of 2026 was 186.66 billion kWh, up 1.25% year on year; on-grid electricity was 176.053 billion kWh, up 1.12% year on year. Among this, cumulative power generation from nuclear power units was 153.278 billion kWh, up 1.50% year on year; cumulative power generation from controlled new energy units was 33.382 billion kWh, up 0.08% year on year.