China's Foreign Ministry announces plan to extend tax incentives for public rental housing till the end of 2027
China's extension of tax incentives for public rental housing until the end of 2027 signals a continued commitment to bolster the housing market and improve affordability.
Saudi Arabia is reportedly finalising an agreement on a military coalition with Egypt and Somalia, Bloomberg reports citing sources. Designed to create more strategic collaboration on Red Sea security
Canadian PM Carney says the relationship with China is more predictable than the one Canada has with the US
China's Foreign Ministry announces plan to extend tax incentives for public rental housing till the end of 2027
[MARKET ANALYSIS] OATs lag somewhat after the suspension of Fridays budget debate, what next?
US Industrial Production MoM (Dec) M/M -0.4% vs. Exp. 0.1% (Prev. 0.2%)
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move may support economic stability in China, influencing investor sentiment in related sectors and potentially impacting commodities used in construction. Markets will likely watch for ripple effects on global supply chains and commodities sensitive to real estate performance.
Related headlines
- China passenger car sales fell 23.7% YoY to 1.55 mln units in August, according to the China Passenger Car Association5 days ago
- Japan reportedly sees a US President Trump and PM Takaichi talk in late September, Kyodo reports 6 days ago
- South Korea says it will work to manage the bond market in a stable manner and it will closely monitor local bond market movementsSep 04
- Japan's Top Currency Diplomat Mimura says they continue to stand ready on FX; declines to comment on if rate checks were conductedSep 03
- Japanese Finance Minister Katayama says no direct requests to do anything has been given from US Treasury Secretary BessentSep 03
- South Korean Finance Minister is to reportedly hold a market review meeting on Friday, reports suggestSep 03
- Japan's government is reportedly looking to convene an extraordinary Diet session in early October, Asahi reports; expected to focus on consumption tax cuts and a reduction in the number of seatsSep 03
- Japan Chief Secretary Kihara says there has been no change to PM Takaichi government policies about attaining a strong economy and fiscal sustainabilitySep 03
- Japan's GPIF’s unusual August management committee meeting has fuelled speculation it may raise its 25% domestic bond allocation target, Bloomberg reportsSep 03
- Taiwan cabinet approved a TWD 607.6bln supplementary budgetSep 03
- US Treasury Secretary Bessent says "I know what the Japanese are planning on doing".Sep 02
- China proposed consolidating three local levies into a single “local surtax” with an 11-13% rate set by provincial governments, CCTV reportsSep 02
- US Treasury Secretary Bessent says Abenomics was reflationary and that Japan can sit back and enjoySep 01
- Chinese Finance Ministry is to set a 20% tax level on foreign individuals' dividend incomeSep 01
- Japanese Chief Cabinet Secretary Kihara says he is closely watching market movesSep 01
- South Korea's budget minister notes South Korea plans a 2027 budget of KRW 821tlnSep 01
- China’s MOFCOM targets around CNY 60tln in total retail sales of consumer goods by 2030Aug 31
- Japanese government to request JPY 143tln for the budget (general account) in FY27, Nikkei reports citing sourcesAug 31
- China to seek public opinion on draft local surtax law, Xinhua reports Aug 28
- China NDRC spokesperson says robot development must be tailored to local conditions and pursued in a sound and orderly mannerAug 28
The whole workspace, free to try.
Try it free