December 12, 2025, Friday, Lunar October 23,

60 seconds morning reading

1. In the first 11 months of this year, related consumption exceeded 2.5 trillion yuan, benefiting over 360 million people; the government has confirmed that in 2026 it will optimize the implementation of the 'National Subsidy' policy;

2. The Jiangsu Provincial Party's 14th Five-Year Plan proposal suggests: supporting the urban integration development of Suzhou and Shanghai; Jiangsu official announcement: this year's regional GDP is expected to exceed 14 trillion yuan;

3. China Association of Automobile Manufacturers: In the first 11 months, China's automobile production and sales both exceeded 31 million units, with a year-on-year growth of over 10%; annual production and sales are expected to hit a record high;

4. Ministry of Education: 495,000 students are expected to return to China for study in 2024, a year-on-year increase of 19.1%, indicating a faster pace of talent return;

5. A building in Linfen, Shanxi caught fire on the first floor, resulting in the unfortunate deaths of 3 people in an internet cafe on the second floor; initial investigations suggest that flammable materials piled up on the first floor ignited the esports store on the second floor;

6. Chinese embassy: Since the end of November, a total of 46 Chinese citizens have been rescued from a telecom fraud park in Cambodia;

7. Japanese authorities stated that there may be a larger earthquake in the future, and officials have again reminded Chinese citizens to avoid traveling to Japan recently; Chinese embassy: Please register with the embassy;

8. American magazine Time announced the 2025 Person of the Year: awarded to 'AI Builders', including Jensen Huang, Mark Zuckerberg, Elon Musk, Fei-Fei Li, and others featured on the cover;

9. American media: The Federal Reserve announced a 25 basis point interest rate cut, the third rate cut this year, which Trump criticized, saying the cut was too small;

10. American media: Trump's Gold Card visa applications are now being accepted, with the price reduced from 5 million dollars to 1 million dollars, and after payment, one can obtain U.S. residency;

11. American media: The U.S. plans to require visa-free travelers to provide 5 years of social media information, applicable to tourists from 42 countries including the UK, France, and Japan;

12. French media: Former French President Sarkozy was released after 20 days in prison; his 213-page 'Prison Diary' topped the pre-sale list before publication;

13. Foreign media: Ukraine claims to have hit a Russian oil platform in the Caspian Sea for the first time using a drone, causing production to halt; Ukraine has submitted a response to the latest 'peace plan' to the U.S.;

[Daily Quote] Life always leaves us scarred, but later, those wounded places will definitely become our strongest points.

Source: Beijing News, The Paper, People's Daily, Tencent News, Xinhua News, Global Times, etc.