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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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Labour's Chancellor Rachel Reeves is reportedly planning to extend the freeze on income tax thresholds beyond 2028, a move that could raise £7 billion annually. This proposal has sparked criticism for potentially violating Labour's manifesto pledge not to increase taxes on working people, as inflation pushes more earners into higher tax brackets.
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Chinese electric vehicle maker BYD plans to launch its Sealion 07 SUV in Europe in 2025, despite new tariffs imposed by the EU and US on Chinese EVs. The company remains confident in its competitive pricing and market strategy as it seeks to grow its international presence.
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Recent editorials highlight China's economic recovery efforts, emphasizing stability and growth. Despite challenges, indicators suggest a rebound in the fourth quarter, with increased consumer sentiment and investment from foreign companies. Analysts call for bold measures to sustain momentum as the government aims for a 5% growth target this year.