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Real-time News
January 30th - Since the beginning of the year, Shenzhens secondhand housing market has seen a continuous rise in transaction volume, while the new housing market is also showing signs of recovery. Related data shows that the number of secondhand homes sold in Shenzhen has maintained an upward trend for three consecutive weeks, with 1,051 new homes sold, a 14.5% increase compared to the previous week. Among these, commercial and office properties saw a significant increase in transactions, rising by 69.4% month-on-month, becoming a major driver of new home sales. Behind this market recovery, favorable policies have been a key driving force. Starting January 1, 2026, Shenzhen will implement new standards for secondhand housing transaction taxes and fees: properties held for two years or more will be exempt from value-added tax, and for properties held for less than two years, the value-added tax rate will be reduced from 5% to 3%, directly lowering the cost of homeownership. Furthermore, the Peoples Bank of China recently announced a reduction in the minimum down payment ratio for commercial property loans to 30%, significantly lowering the barrier to entry for commercial property purchases.January 30th - RSM Chief Economist Joseph Brusuelas: My assessment of Kevin Warsh is based on his public statements, speeches, and performance during his tenure at the Federal Reserve, with reference to Fed meeting minutes. My conclusion is that his first reaction (to monetary policy issues) is hawkish; he has almost never encountered a possibility of an interest rate hike that he dislikes. However, he made mistakes in his policy response after the financial crisis; he genuinely failed to understand the nature, scale, and impact of this Great Depression-like shock. Warsh continued to cite inflation as the primary risk between 2007 and 2008, when a massive deflationary shock had already been triggered: the US banking system nearly collapsed, and credit markets froze.January 30th - According to China Energy Engineering Corporation (CEEC), Ni Zhen, Party Secretary and Chairman of CEEC, held talks with Zhang Chuanwei, Party Secretary and Chairman of Mingyang Group, on January 30th. The two sides conducted in-depth exchanges on deepening cooperation in areas such as technological innovation, offshore wind power, green hydrogen ammonia and methanol, and international business.On January 30, Elias Haddad, global head of market strategy at Brown Brothers Harriman, pointed out that if Warshs vision for Federal Reserve policy is implemented, the US yield curve may steepen further due to lower short-term interest rates, while long-term interest rates may remain stable or even rise due to insufficient credibility of US fiscal policy.Iranian Foreign Minister Araqchi: Iran will maintain and expand its defense capabilities.
