Shanghai: Pure electric vehicles will account for more than 50% of newly purchased vehicles by individuals by 2025

The U.S. Congress has prohibited the Department of Defense from purchasing batteries from six Chinese companies, including CATL and BYD, effective October 2027, aiming to decouple from China's supply chain. This part of the 2024 National Defense Authorization Act doesn't affect commercial purchases, allowing companies like Ford and Tesla to continue their collaborations. The move is aligned with efforts under the Inflation Reduction Act to phase out subsidies for electric vehicles with Chinese battery components, signaling a strategic push towards bolstering domestic manufacturing and reducing dependency on China's leading position in the global lithium battery market.

On December 20, 2023, the Customs Tariff Commission of the State Council issued an announcement that, in order to fully, accurately, and comprehensively implement the new development philosophy, and to accelerate the formation of a new development pattern, as well as to better fulfill the important functions of tariffs in coordinating both domestic and international markets and resources, adjustments will be made to the import and export tariffs on certain goods, effective from January 1, 2024, in accordance with the "Regulations of the People's Republic of China on Import and Export Duties" and other relevant provisions.

According to the website of the People’s Government of Zhongyuan District, Zhengzhou City, Henan Province, on September 13, the Zhongyuan Government announced the deed tax subsidy application details for purchasing commercial housing.

The Management Committee of Liuyang Economic and Technological Development Zone of Hunan Province issued the Supplementary Notice on “Several Measures of Liuyang Economic and Technological Development Zone to Support the Stable and Healthy Development of the Real Estate Market”.

According to the Zhengzhou Housing Authority, the sales area of commercial housing in Zhengzhou in August was 947,600 square meters, a month-on-month increase of 3.37%, and a year-on-year increase of more than 10%.

The reporter exclusively learned that after all the first-tier cities implemented easing mortgage rules for first-time home buyers, relevant government departments paid great attention to the transaction situation of the property market.

On August 22nd, the National Development and Reform Commission and other ten departments issued a notice officially releasing the "Implementation Plan for Green and Low-Carbon Advanced Technology Demonstration Projects" (referred to as the "Implementation Plan").

Chongqing issued the Notice on Further Optimizing the Use of Housing Provident Funds on August 11.

Abstract On 10 July 2023, the European Council passed a new regulation intended to bolster the management of batteries and waste batteries ("Batteries Regulation").

Liu Guoqiang, deputy governor of the People's Bank of China, said that China's M2 and economy kept growing, and there will be no deflation in the second half of the year.