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Bank for International Settlements: The biggest threat to global stability is the debt carnival of governments. The Bank for International Settlements (BIS) said that the biggest threat to world economic stability is the government's borrowing habits, and the recent changes in market sentiment should be vigilant. Claudio Borio, a senior official of BIS, said in his quarterly report that priority should be given to repairing public finances before the panic of bond investors spreads. "The global financial outlook is still very worrying," said the retiring head of the BIS monetary and economic department. "The trajectory of government debt poses the most serious threat to macroeconomic and financial stability."General Motors said that it will give priority to the development of advanced driver assistance systems to realize fully automatic personal cars and make persistent efforts on the basis of super cruise.The yield of 10-year treasury bonds hit a new low, and the industry has been optimistic about the bond market for a long time. Recently, the bond market has continued to stage a strong market, with the yield of 10-year and 30-year treasury bonds hitting record lows and the futures price of treasury bonds hitting record highs. As the tone of monetary policy shifts from "steady" to "moderately loose", the market expects to lower the RRR and cut interest rates. Many insiders believe that the strong bond market pattern is expected to continue until 2025. Under the background of further opening of interest rate downside, long-term bonds have become the focus of investors' layout. (SSE)

White sugar futures fell by about 3%, Arabica coffee rose by over 4.5%, and new york cocoa rose by about 6%, which continued to hit a record high. In late new york on Tuesday (December 10th), ICE raw sugar futures fell by 2.00% and ICE white sugar futures fell by 2.97%. ICE Arabica coffee futures rose 4.53% to 347.35 cents/pound; Coffee "C" futures rose 0.26% to 334.05 cents, having risen to 348.35 cents at 19:52 Beijing time. Robusta coffee futures rose 0.35% to 5218, and rose to 5510 at 17:25. New york cocoa futures rose 5.99% to $10,685/ton, continuing to hit a record high. London cocoa futures rose 4.00% to 8420,00: 01, and also rose to 8471 to continue to hit a record high. ICE cotton futures fell 0.66% to 69.49 cents. When the US Department of Agriculture (USDA) released the monthly inventory report, the refresh date was as low as 69.25 cents at 01:00.EIA: The net import of crude oil in the United States will drop by 20% in 2025. The us energy information administration (EIA) said on Tuesday that it is expected that the net import of crude oil in the United States will drop by 20% to 1.9 million barrels per day next year, which will be the lowest level since 1971, suggesting that the output of the United States will increase and the demand of refineries will decrease. EIA said in its Short-term Energy Outlook in December that the US oil production is expected to increase from 13.24 million barrels per day in 2024 to 13.52 million barrels per day in 2025. EIA also said that the crude oil processing capacity of refineries will be 16 million barrels per day in 2025, a decrease of 200,000 barrels per day compared with 2024. EIA now predicts that the average spot price of Brent crude oil in 2025 will be $73.58 per barrel, which is lower than the previous forecast of $76.06 per barrel. The average spot price of crude oil in the United States is $69.12 per barrel, which is lower than the last forecast of $71.60 per barrel.The Huangmaohai Cross-sea Passage was opened to traffic today. At 15: 00 on December 11th, Guangdong-Hong Kong-Macao Greater Bay Area's key traffic project, the Huangmaohai Cross-sea Passage, will be put into trial operation, adding another "key level" to Guangdong-Hong Kong-Macao Greater Bay Area's cross-river traffic network. After opening to traffic, the land transit time from Zhuhai to Jiangmen will be shortened from more than one hour to about 30 minutes.

China promised to continue to contribute to the United Nations Central Emergency Response Fund. On December 10th, local time, Geng Shuang, Deputy Permanent Representative of China to the United Nations, attended the 2025 High-level Pledging Conference of the United Nations Central Emergency Response Fund, saying that at present, geopolitical conflicts are constant, natural disasters are frequent, the global humanitarian situation has deteriorated significantly, and humanitarian needs are increasing. The important role of the Central Emergency Response Fund in providing rescue, saving lives and alleviating suffering has further increased. Geng Shuang said that China has always supported the United Nations to play a coordinating role in international humanitarian relief and the Central Emergency Response Fund to carry out its work. Since 2007, voluntary contributions have been made to the Fund every year. In 2024, donations have been completed, and contributions will continue to be made to the Fund in 2025. Geng Shuang said that China has provided long-term humanitarian assistance to countries in need through bilateral channels and in various forms, and will continue to uphold the concept of a community of human destiny, make joint efforts with the international community, and support countries and people in need to cope with the humanitarian crisis and get out of the humanitarian predicament. (CCTV)General Motors said that it will give priority to the development of advanced driver assistance systems to realize fully automatic personal cars and make persistent efforts on the basis of super cruise.General Motors (GM): The unmanned business Cruise and GM Technical team will be merged, and the plan is expected to be completed in the first half of 2025.