China's futures market registered double-digit year-on-year growth in turnover last month, data from the China Futures Association showed on Friday.
The total turnover hit 62.19 trillion yuan (8.57 trillion U.S. dollars) in November, representing a year-on-year increase of 13.28 percent, while trading volume reached 678 million lots, marking a 14.3 percent decline compared to the same period last year.
Among the most actively traded futures in November were gold, glass, palm oil, lithium carbonate, and the CSI 1000 Index futures.
Notably, trading volumes for feed breeding, oils and oilseeds, nonferrous metals, precious metals, and new energy metals futures saw significant month-on-month increases. Futures linked to battery production, such as nickel and lithium carbonate, posted especially strong growth, with trading volumes surging by more than 30 percent month on month.
The oils and oilseeds experienced heightened activity, reflecting increased hedging by spot market traders to manage raw material price risks. Palm oil futures, in particular, saw a significant spike in trading volume. Futures and options in the edible oils sector have provided risk management tools for the recovery of the country's catering, breeding, and oil processing industries this year.
Additionally, in the first 11 months of this year, China's futures market achieved a total turnover of 561.99 trillion yuan, with the cumulative trading volume of 7.074 billion lots. By the end of November, the country had 143 listed futures and options products.
China's futures market records robust growth in November
China's futures market records robust growth in November
The U.S. military strike against Venezuela and capture of its president, Nicolas Maduro, has shocked the international community, triggering a steady stream of condemnation and serious concerns worldwide.
Brazil, Chile, Colombia, Mexico, Uruguay and Spain issued a joint statement on Sunday, expressing serious concern about and firm opposition to the U.S. unilateral military operations in Venezuela.
The U.S. actions contravene fundamental principles of international law, particularly the prohibition on the use or threat of force, and respect for the sovereignty and territorial integrity of States, as enshrined in the UN Charter, constituting an extremely dangerous precedent against peace and regional security, according to the statement.
In expressing profound concern and firm rejection, the six countries stressed in the statement that the situation in Venezuela must be resolved exclusively by peaceful means, and through dialogue, negotiation and respect for the will of the Venezuelan people in all its expressions, without external interference and in accordance with international law.
Only an inclusive political process, led by Venezuelans, can lead to a democratic, sustainable solution that respects human dignity, according to the statement.
Spanish Prime Minister Pedro Sanchez condemned the U.S. raid in Venezuela as a violation of international law, adding that the Spanish government always advocates and defends international law and peaceful resolution of conflicts.
Addressing a meeting of the Community of Latin American and Caribbean States (CELAC), Cuban Foreign Minister Bruno Rodriguez demanded the unconditional and immediate release of Maduro and his wife.
Noting that Latin America and the Caribbean are a zone of peace, he expressed his firm opposition to the use of force, which is an unshakable principle.
Any aggression against Venezuela shall be regarded as an attack against all CELAC member states, and nations must collectively oppose it, he stressed.
The South African government denounced the U.S. attack on Venezuela as a violation of international law, according to a statement released on Sunday.
History has repeatedly demonstrated that military invasions against sovereign states yield only instability and deepening crisis, the statement said.
South Africa calls on the UN Security Council to urgently convene a session to address this situation, according to the statement.
Serbian President Aleksandar Vucic said what happened in Venezuela demonstrates that international law and the UN Charter are losing their practical effectiveness.
U.S. military action against Venezuela marks a dangerous precedent, as similar actions could be taken against any other nations, he said.
In addition, the foreign ministries of Namibia, Singapore, Oman and Pakistan also issued statements on the same day, expressing grave concern over U.S. interference in Venezuela's internal affairs.
They emphasized the need to uphold international law and the principles of the UN Charter while respecting Venezuela's sovereignty.
They also called on all parties to exercise restraint and resolve the crisis through peaceful dialogue.
U.S. move against Venezuela sparks condemnation, concerns worldwide
