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Fitch: The progress of inflation decline seems to have ended. Brian Coulton, chief economist of Fitch, said that the decline of core commodity prices (the main force of inflation decline this year) seems to have ended. With the increase of automobile prices, the core commodity prices rose by 0.3% month-on-month. Service inflation is declining, but the rate of decline is very slow, because rent inflation is stubborn, and the service inflation is 4.6%, which is still far higher than the pre-epidemic level.Bitcoin exceeded $99,000/piece, up 2.49% in the day.Bank of America: In the third quarter, auto loans reached the highest level in eight years, and the financing demand for electric vehicles is growing.

Navigation warning Military training was conducted in some sea areas of the South China Sea, and the Qinglian Maritime Safety Administration issued a navigation warning. From December 16 to 18, from 18: 00 to 20: 00 every day, military training was conducted in some sea areas of the South China Sea, and entry was prohibited. (Website of China Maritime Safety Administration)China plans to build about 10,000 superior specialties of traditional Chinese medicine by 2029. The reporter learned from state administration of traditional chinese medicine on the 11th that China will promote the construction of superior specialties of traditional Chinese medicine at different levels to further improve the clinical efficacy of traditional Chinese medicine. By 2029, a network of superior specialties of traditional Chinese medicine with complete professional fields, wide geographical coverage, reasonable structural layout and obvious characteristics of traditional Chinese medicine will be formed, and the overall scale of superior specialties of traditional Chinese medicine in China will reach about 10,000. (Xinhua News Agency)Chilean National Mining Association: In 2025, Chile's copper production will be 5.4-5.6 million tons. The Chilean National Mining Association (Sonami) said on Wednesday that it is expected that Chile's copper production will be between 5.4-5.6 million tons in 2025. According to industry forecasts, Chilean miners also expect copper prices to be between $4.2 and $4.5 per pound next year. In September, the Chilean central bank predicted that the average copper price in 2025 would be $4.25 per pound, slightly lower than the previous estimate of $4.30 per pound.

If the Bank of Canada cuts interest rates by 50bp as expected, it is expected that the pace of interest rate cuts will slow down. The Bank of Canada cut interest rates sharply for the second time in a row this month, and hinted that policymakers are prepared to slow down the pace of monetary easing. The bank cut interest rates by 50 basis points to 3.25%, bringing borrowing costs to the upper part of their expected range of neutral interest rates. However, they also hinted that after the sharp interest rate cut expected by the market and most economists, there may be a smaller interest rate cut again in 2025. Officials dropped their previous statement that they expected to further reduce borrowing costs. "With the policy interest rate greatly reduced, we expect that if the economic development is generally in line with expectations, monetary policy will adopt a more gradual approach," Bank of Canada Governor Mackler said in a prepared speech. "Looking ahead, we will evaluate the necessity of further reducing the policy interest rate one by one."The United States conducted a ballistic missile interception test in Guam for the first time. The US Missile Defense Agency issued a statement on the 10th, saying that the United States conducted a ballistic missile interception test in Guam in the western Pacific for the first time, and launched a "Standard -3 Block 2A" missile with Aegis anti-missile system equipped with new radar and vertical launcher, and intercepted an air-launched medium-range ballistic missile near the coast of Anderson Air Force Base in Guam. Experts say that by strengthening its military presence in the western Pacific, the United States is trying to bury the hidden danger of an arms race in the region, which will really affect the people of the whole region. (CCTV International News)China plans to build about 10,000 superior specialties of traditional Chinese medicine by 2029. The reporter learned from state administration of traditional chinese medicine on the 11th that China will promote the construction of superior specialties of traditional Chinese medicine at different levels to further improve the clinical efficacy of traditional Chinese medicine. By 2029, a network of superior specialties of traditional Chinese medicine with complete professional fields, wide geographical coverage, reasonable structural layout and obvious characteristics of traditional Chinese medicine will be formed, and the overall scale of superior specialties of traditional Chinese medicine in China will reach about 10,000. (Xinhua News Agency)