More recent developments
Zhuhai buys back 14 land plots using SPB proceeds
The local government land buy-back scheme for property developers is slowly creaking into gear. On Friday, Zhuhai city in Guangdong province announced plans to repurchase 14 land plots from property developers for RMB 6.64 billion. This marks the first officially… Read More »
Trump announces blanket 25% tariff on steel and aluminum
Steel yourselves. More tariffs are coming. On Monday, US President Donald Trump announced a blanket 25% tariff on all steel and aluminum imports, to be collected "without exceptions or exemptions." On the surface, Trump’s steel and aluminum tariffs won’t mean… Read More »
State Council pledges to boost household income in 2025
Stimulating consumption is a top policy priority. Premier Li Qiang reaffirmed this message during Monday’s State Council executive meeting, which focused on measures to increase consumption. To boost spending, the State Council said household incomes should be strengthened by: Promoting reasonable wage… Read More »