China subsidizes mortgage interest for first-time buyers.
Today's events
Mortgage subsidy.
Finance ministry, central bank and financial regulator began paying one percentage point of interest on first-home loans up to one million yuan on October 1.1Sep 29 · Central BankSolar passes coal.
Energy administration said solar is now the largest power source by installed capacity, 31.5% of the national total, up from under 0.2% in 2011.2Sep 30 · Energy Admin.Factory activity.
Manufacturing purchasing managers' index rose to 50.1 in September, back above the no-change line after two months of contraction; the composite index reached 50.7.3Sep 30 · Stats BureauNew US sanctions law.
Commerce ministry opposed a new American law allowing tariffs up to 100% on countries buying Russian oil, reserving the right to take all necessary measures.4Oct 4 · Commerce MinistryXi on livelihood.
Qiushi, September 30, published Xi's collected remarks on “inclusive, basic and bottom-line” welfare, tying livelihood spending to common prosperity.5Sep 30 · QiushiCarmakers abroad.
Commerce ministry, industry ministry and market regulator issued twenty articles of guidance on how Chinese carmakers compete overseas, after 8.32 million exports in 2025.6Sep 30 · Commerce MinistryClimate disclosure.
Finance ministry opened consultation on climate-disclosure rules for nine heavy industries, including power, steel, coal, oil and cement, with comments due October 26.7Sep 29 · Finance MinistryRehabilitation care.
State Council approved a plan to expand medical rehabilitation and nursing capacity, directing new supply to grassroots facilities for an ageing population.8Sep 29 · State CouncilDrone exports.
Foreign ministry said China strictly controls dual-use items and opposes civilian drones being used militarily, after reports its firms still supply Russian and Ukrainian buyers.9Oct 3 · Foreign Ministry
Voices
“Economic-development policy must embed the requirement of improving livelihoods, and livelihood policy must weigh its effect on promoting economic development.”
Xi Jinping, in Qiushi · Jan 20, published Sept 305
“We will keep watching the United States’ follow-up moves closely and reserve the right to take all necessary measures to defend China’s sovereignty, development interests and firms’ rights.”
Commerce Ministry Spokesperson · Oct 44
“China has always taken a prudent and responsible attitude on arms exports, … strictly controlling dual-use items. We have consistently opposed civilian drones being used for military purposes.”
Guo Jiakun, Foreign Ministry Spokesperson · Oct 39
“By strengthening coordination of fiscal and financial policy to support urban and rural residents’ essential housing needs, we will implement a nationwide home-purchase loan interest subsidy.”
Finance Ministry, central bank and financial regulator, joint notice · Sept 291
“The employment index was 48.4%, down 0.3 points from the previous month, showing that hiring conditions at manufacturers weakened.”
National Bureau of Statistics, September purchasing managers’ index · Sept 303
“Focusing on expansion, quality, balance and continuity, increase the supply of medical rehabilitation and nursing resources with the grassroots as the priority.”
State Council Reply No. 99 of 2026 · Sept 288
Sources
- People's Bank of China, “Notice of the Ministry of Finance, the People's Bank of China and the National Financial Regulatory Administration on Implementing an Interest Subsidy Policy for Residents' Home-Purchase Loans” (财政部 中国人民银行 金融监管总局关于实施居民购房贷款贴息政策的通知), September 29, 2026. pbc.gov.cn/goutongjiaoliu/…/home-purchase-loan-subsidy
- National Energy Administration, “How to View Solar Installed Capacity Surpassing Coal Power for the First Time” (怎样看待光伏发电装机首超煤电), September 30, 2026. nea.gov.cn/20260930/…/solar-passes-coal
- National Bureau of Statistics, “China Purchasing Managers' Index for September 2026” (2026年9月中国采购经理指数运行情况), September 30, 2026. stats.gov.cn/sj/zxfb/…/september-pmi
- Ministry of Commerce, “Spokesperson Answers Questions on the United States Signing the Graham Sanctioning Russia and Iran Act of 2026 into Law” (商务部新闻发言人就美方将《2026年格雷厄姆制裁俄罗斯和伊朗法案》签署成法答记者问), October 4, 2026. mofcom.gov.cn/xwfb/…/graham-act-response
- Qiushi (via Cyberspace Administration of China), “Xi Jinping: Strengthening Inclusive, Basic and Bottom-Line Livelihood Provision” (习近平：加强普惠性、基础性、兜底性民生建设), September 30, 2026. cac.gov.cn/2026-09/30/…/xi-livelihood-provision
- Ministry of Commerce, “Head of the Department of Outward Investment and Economic Cooperation Explains the Guidelines on Overseas Competition Conduct and Compliance Building for the Automotive Industry” (商务部合作司负责人解读《汽车行业境外竞争行为与合规建设指引》), September 30, 2026. mofcom.gov.cn/xwfb/…/auto-overseas-compliance-guidelines
- Ministry of Finance, “Letter Soliciting Comments on the Application Guidance for Corporate Sustainability Disclosure Standard No. 1 — Climate (Trial) and Nine Industry Guides Including Power” (财办会〔2026〕34号), September 29, 2026. kjs.mof.gov.cn/gongzuotongzhi/…/climate-disclosure-guidance
- State Council, “Reply on the Implementation Plan for the Medical Rehabilitation and Nursing Capacity Expansion and Upgrading Project” (国函〔2026〕99号), September 29, 2026. gov.cn/zhengce/content/…/rehabilitation-nursing-plan
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun Answers Questions, October 3, 2026” (2026年10月3日外交部发言人郭嘉昆答记者问), October 3, 2026. mfa.gov.cn/wjdt/fyrbt/…/guo-jiakun-oct-3