China subsidizes first-home mortgages nationwide from October.
Today's events
Mortgage subsidy.
Finance Ministry, central bank and financial regulator will pay one percentage point of interest on new first-home loans nationwide for one year from October 1.1Sep 29 · PBOCCentral bank tools.
Central bank cut the rate on its policy-bank lending facility to 1.5% and added 700 billion yuan of relending quota for technology and small firms.2Sep 29 · PBOCFactory activity.
Manufacturing purchasing managers' index rose to 50.1 in September, its first reading above the expansion line since June.3Sep 30 · Stats BureauXi on livelihood.
Qiushi published a Xi article on September 30 tying common prosperity to growth, and warning against “welfarism” that breeds idleness.4Sep 30 · QiushiSecurities chief indicted.
Prosecutors in Qingdao indicted Yi Huiman, former chairman of China's securities regulator, for accepting bribes of “especially large” amount.5Sep 30 · SPPBattery plan.
Industry ministry and six other departments published a five-year battery plan targeting initial mass production of all-solid-state cells by 2030.6Sep 30 · NEASolar passes coal.
Solar became China's largest source of generating capacity by end-July, reaching 31.5% of the installed total, up from under 0.2% in 2011.7Sep 30 · NEATariff cut framework.
Commerce Ministry detailed a reciprocal 30-billion-dollar tariff cut with Washington that removes all added duties on more than 90% of listed goods.8Sep 28 · MOFCOMJapan warning.
Foreign ministry marked 54 years of normalized ties by demanding Tokyo correct its leader's claim that a Taiwan conflict threatens Japan's survival.9Sep 29 · MFA
Voices
“Even when our finances are more ample, we must not set excessive targets or over-provide, and must firmly prevent falling into the ‘welfarism’ trap that breeds idlers.”
Xi Jinping, article in Qiushi · Sept 304
“[We] will continue to use multiple monetary policy tools in combination, keep liquidity ample, guide interest-rate levels, and serve high-quality development of the real economy.”
People's Bank of China, monetary-policy tool notice · Sept 292
“The four political documents laid down political rules for properly handling history, Taiwan and other major questions of principle. They must not be distorted, reversed, still less destroyed.”
MFA Spokesperson Guo Jiakun · Sept 299
“The trade council will provide a platform for steadily lengthening the cooperation list and shortening the problem list, helping a constructive, stable China-U.S. relationship.”
Commerce Ministry, statement on the eighth round of talks · Sept 288
“[Yi Huiman] used the convenience of his posts and the advantages of his authority to seek benefits for others and illegally accepted money and property in an especially large amount.”
Qingdao Municipal People's Procuratorate, indictment · Sept 305
“By 2030, China's research on new-system batteries will make major breakthroughs, and all-solid-state batteries will achieve initial large-scale application.”
New Battery Industry Development 15th Five-Year Plan · Sept 306
Sources
- People's Bank of China, “Ministry of Finance, People's Bank of China and National Financial Regulatory Administration Notice on Implementing an Interest Subsidy Policy for Residents' Home-Purchase Loans,” September 29, 2026. pbc.gov.cn/goutongjiaoliu/…/home-purchase-loan-subsidy
- People's Bank of China, “The People's Bank of China Adjusts and Improves Several Monetary Policy Tools,” September 29, 2026. pbc.gov.cn/goutongjiaoliu/…/monetary-policy-tools
- National Bureau of Statistics, “China Purchasing Managers' Index for September 2026,” September 30, 2026. stats.gov.cn/sj/zxfb/…/pmi-september-2026
- Qiushi, Xi Jinping, “Strengthening Inclusive, Basic and Backstop Livelihood Construction” (Qiushi No. 19, published October 1, 2026), September 30, 2026. qstheory.cn/…/xi-livelihood-construction
- People's Daily, “Shandong Procuratorial Organs Indict Yi Huiman on Suspicion of Bribery,” September 30, 2026. society.people.com.cn/…/yi-huiman-indictment
- National Energy Administration, “New Battery Industry Development 15th Five-Year Plan Released,” September 30, 2026. nea.gov.cn/20260930/…/new-battery-industry-plan
- National Energy Administration, “How to View Solar Generating Capacity Overtaking Coal,” September 30, 2026. nea.gov.cn/20260930/…/solar-overtakes-coal
- Ministry of Commerce, “Ministry of Commerce Releases Information on the China-U.S. Trade Council and the ‘30 Billion for 30 Billion’ Reciprocal Tariff-Reduction Framework,” September 28, 2026. mofcom.gov.cn/xwfb/rcxwfb/…/trade-council-tariff-framework
- Ministry of Foreign Affairs, “Regular Press Conference Held by Foreign Ministry Spokesperson Guo Jiakun on September 29, 2026,” September 29, 2026. mfa.gov.cn/wjdt/fyrbt/…/guo-jiakun-sept-29