Since Washington signalled energy-cooperation intentions with Moscow that sidelined Kyiv, US President Trump and Ukrainian President Zelenskiy have repeatedly clashed. The dispute, which began over diesel cooperation, has broadened to Starlink bandwidth limits and intelligence-sharing—issues with direct implications for the Ukraine battlefield. On the 18th Russian Deputy Prime Minister Novak, who oversees energy, reported new progress on shipments of Russian oil to the US; the presidents exchang

At midday close, China's main futures contracts were mostly lower. Coking coal fell over 5%, ethylene glycol (EG) dropped over 4%, apples and coke fell over 3%, PET chip and live hogs were down over 2%, asphalt and red dates declined about 2%. On the upside, fuel oil jumped over 6%, polysilicon rose over 2%, and platinum, Shanghai nickel, lithium carbonate, iron ore, urea and soda ash each gained over 1%.

At the Oct. 19 Financial Street Forum in Beijing, PBOC deputy governor and SAFE head Zhu Hexin said China’s opening is widening and its foreign-linked economic structure has undergone profound change. He flagged a key shift: operating entities are increasingly the conduit between domestic and international dual circulation. On flows, China’s balance of payments is moving toward an autonomous balance, with funds from current‑account surpluses increasingly deployed abroad via firms and banks as outward investment and asset allocation. On stocks, the share of China’s external financial assets held by firms and banks rose from roughly 30% at end‑2010 to nearly 70% at end‑2025. Zhu said these shifts reflect a growing market role in cross‑border resource allocation and stronger corporate capacity for international cooperation, competition and global resource allocation.