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In October 2024, China's housing market has seen a significant rebound, with major cities reporting a surge in transactions. This follows recent government measures aimed at stabilizing the sector, including increased funding and reduced mortgage rates. Analysts remain cautious about the long-term effectiveness of these policies.
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China's declining birth rates and marriage registrations pose significant challenges to its economy and social structure. With only 9 million births in 2023, the lowest since 1949, the government is implementing measures to encourage marriage and childbirth amid an ageing population and economic stagnation.
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China's National People's Congress has approved a 10 trillion yuan fiscal package to address local government debt, including 6 trillion yuan for refinancing hidden debts. This comes amid economic challenges and expectations of further measures following Donald Trump's election victory in the US.
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Myanmar's military leader, Min Aung Hlaing, is visiting China for the first time since the 2021 coup. His discussions with Chinese officials focus on political reconciliation, infrastructure projects, and the ongoing civil conflict in Myanmar, which has seen significant military setbacks for the junta. The visit raises concerns about China's support for the junta amid rising anti-Chinese sentiment in Myanmar.
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Italy and the Czech Republic are urging the EU to consider a wider range of solutions for electric vehicles beyond battery and hydrogen technologies. They want a review of current policies expedited to 2025, amid rising tensions over tariffs on Chinese electric vehicles.
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Indonesian President Prabowo Subianto is on a diplomatic tour, having met with Chinese President Xi Jinping and seeking to establish a relationship with US President Donald Trump. His outreach aims to bolster Indonesia's global presence while navigating rising tensions between the US and China.
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A car attack in Zhuhai, China, on November 11, 2024, resulted in 35 deaths and 43 injuries. The 62-year-old driver, identified as Fan, reportedly acted out of dissatisfaction with his divorce settlement. The incident has raised concerns over public safety and government transparency amid ongoing censorship.
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Recent events highlight significant political shifts and public safety issues. The deadly car attack in Zhuhai, China, has prompted government calls for better conflict resolution. Meanwhile, the U.S. faces economic challenges post-Trump's re-election, raising concerns about inflation and corporate practices. These developments signal a need for urgent policy responses.
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UK Prime Minister Keir Starmer met Chinese President Xi Jinping at the G20 summit in Rio de Janeiro, marking the first meeting between a British leader and Xi since 2018. Starmer aimed to mend UK-China relations while addressing human rights concerns, including the case of detained activist Jimmy Lai.