China subsidizes first-home mortgage interest nationwide.
Today's events
First-home loan subsidy.
Finance ministry, central bank and financial regulator will cover one percentage point of interest on new first-home mortgages nationwide, effective October 1.1Sep 29 · MOFCentral bank toolkit.
Central bank cut its policy-bank lending rate to 1.5%, opened it to grid, water and computing-power projects, and added 700 billion yuan to relending quotas.2Sep 29 · PBOCNational Day speech.
Xi told the 77th-anniversary reception that the economy is advancing under pressure, and pledged to strike at Taiwan independence forces.3Sep 30 · CPC NewsThirty-billion tariff swap.
Commerce ministry set out a reciprocal deal cutting tariffs on about $30 billion of imports each way, with over 90% returning to normal rates.4Sep 28 · MOFCOMSolar passes coal.
Energy administration said solar became China's largest source of generating capacity by end-July, at 31.5% of installed power, up from 0.2% in 2011.5Sep 28 · NEAFactory activity.
September manufacturing purchasing managers' index rose to 50.1, back into expansion, with the composite output index at 50.7.6Sep 30 · Stats BureauBattery industry plan.
Industry ministry and six others published a five-year plan targeting initial large-scale use of all-solid-state batteries by 2030.7Sep 28 · NEAFake-persona crackdown.
Internet regulator opened a two-month national campaign against staged hardship, faked professional credentials and AI-cloned celebrities on short-video platforms.8Sep 30 · CACJapan nuclear remarks.
Foreign ministry called Japan's defense minister's call to debate nuclear weapons and submarines a flagrant breach of the Non-Proliferation Treaty.9Sep 30 · MFA
Voices
“Through long exploration and practice, the system of socialism with Chinese characteristics has shown enormous advantages … the great rejuvenation of the Chinese nation is unstoppable.”
Xi Jinping, General Secretary of the Communist Party · Sep 303
“Possessing nuclear weapons is not a matter of whether Japan wants to discuss it. Its obligations under the Non-Proliferation Treaty leave no room for bargaining.”
MFA Spokesperson Guo Jiakun · Sep 309
“[The central bank] has decided to further adjust and improve several monetary policy tools, creating suitable conditions for steady growth and a good start to the 15th Five-Year Plan.”
People's Bank of China, policy statement · Sep 292
“We will strictly punish those who profit by malicious marketing behind fake personas, and accounts of a vicious nature will be resolutely banned.”
Cyberspace Administration of China, campaign notice · Sep 308
“We believe the trade council will provide an important platform and institutional guarantee for lengthening the list of cooperation and shortening the list of problems.”
Ministry of Commerce, statement on the China-US Trade Council · Sep 284
“The challenges an industry faces are precisely the precious opening for adjustment and upgrading. Develop toward the new and the better and you can always ride out the cycle.”
National Energy Administration, People's Daily commentary · Sep 285
Sources
- Ministry of Finance, People's Bank of China, National Financial Regulatory Administration, “Notice on Implementing the Home-Purchase Loan Interest Subsidy Policy for Residents,” September 29, 2026. pbc.gov.cn/goutongjiaoliu/…/home-loan-interest-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
- CPC News, “Xi Jinping: Speech at the Reception Celebrating the 77th Anniversary of the Founding of the People's Republic of China,” September 30, 2026. cpc.people.com.cn/n1/…/xi-77th-anniversary-speech
- Ministry of Commerce, “Ministry of Commerce Releases Details on the China-US Trade Council and the ‘$30 Billion for $30 Billion’ Reciprocal Tariff-Reduction Framework,” September 28, 2026. mofcom.gov.cn/xwfb/…/trade-council-tariff-framework
- National Energy Administration, “How to View Solar Capacity Overtaking Coal for the First Time,” September 28, 2026. nea.gov.cn/20260930/…/solar-overtakes-coal
- National Bureau of Statistics, “China's Purchasing Managers' Indexes for September 2026,” September 30, 2026. stats.gov.cn/sj/zxfb/…/pmi-september-2026
- National Energy Administration, “15th Five-Year Plan for the Development of the New Battery Industry Released,” September 28, 2026. nea.gov.cn/20260930/…/new-battery-15th-five-year-plan
- Cyberspace Administration of China, “Cyberspace Administration Launches the ‘Qinglang’ Campaign to Rectify Fake-Persona Abuses in Short Video,” September 30, 2026. cac.gov.cn/2026-09/30/…/qinglang-short-video-fake-personas
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun's Regular Press Conference on September 30, 2026,” September 30, 2026. mfa.gov.cn/wjdt/fyrbt/…/guo-jiakun-press-conference-sep-30