According to a recent work conference by China's housing regulator, the government will continue reforms to stabilize the real estate market and prevent further declines.
Key initiatives include expanding urban village renovations and strictly controlling commercial housing supply while boosting affordable housing options. These measures aim to address the needs of new citizens, young people, and migrant workers.
Policymakers have already implemented strategies since September to revive home demand, such as cutting mortgage rates, reducing down payments, and offering tax incentives.
As a result, the real estate market has shown signs of recovery, with home transactions experiencing growth in October and November. The slow pace of falling home prices marks a positive shift for the industry heading into 2025.
The gymnast dropped 33ft (10m) through the air during their 'Death Wheel' segment at Changsha Fun Kingdom in Hunan. Footage shows three acrobatic performers inside the rotating wheel.
China is set to issue a record 3 trillion yuan ($411 billion) in special treasury bonds next year to boost its economy, marking a significant increase from this year's issuance.
Altay Prefecture in China's Xinjiang is emerging as a popular winter tourism destination, with a long snow season and well-developed ski resorts. The region offers a range of winter activities, drawing both local and international visitors.
On 27 December, the highly anticipated China-Kyrgyzstan-Uzbekistan railway project will officially commence, marking a significant milestone in regional infrastructure development.
Hundreds of students rallied in Belgrade, demanding accountability for a Novi Sad train station collapse that killed 15, blaming corruption and poor policies under President Vucic’s government.
Qatar has called for the immediate removal of international sanctions on Syria, emphasizing the need for inclusive political reforms and democratic elections in the wake of Bashar al-Assad's regime collapse.
In the serene landscapes of southwest China’s Sichuan Province, a groundbreaking project is redefining renewable energy.
Farid Huseynov, Head of the AZAL Press Department, has confirmed that a total of 67 people were on board the plane involved in the recent incident, including 62 passengers and 5 crew members.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
Apple has requested to participate in Google's upcoming U.S. antitrust trial, arguing that it must defend its lucrative revenue-sharing agreements with the tech giant, which send billions in payments each year for making Google the default search engine on Safari.
Toyota’s global production declined for the 10th consecutive month in November, down 6.2% year-on-year. However, the automaker saw a 1.7% increase in worldwide sales, marking the second consecutive month of growth.
President of Türkiye Recep Tayyip Erdogan announced a 30-percent increase in the minimum wage for 2025, raising it to 22,104 lira (about 630 U.S. dollars).
U.S. judge ruled on Friday in favour of Meta Platforms' WhatsApp in a lawsuit accusing Israel's NSO Group of exploiting a bug in the messaging app to install spy software allowing unauthorized surveillance.
Honda and Nissan plan to merge, forming the world’s third-largest automaker, as Japan’s car giants accelerate efforts to lead the shift to electric and autonomous vehicles.
Hundreds of students rallied in Belgrade, demanding accountability for a Novi Sad train station collapse that killed 15, blaming corruption and poor policies under President Vucic’s government.
Qatar has called for the immediate removal of international sanctions on Syria, emphasizing the need for inclusive political reforms and democratic elections in the wake of Bashar al-Assad's regime collapse.
In the serene landscapes of southwest China’s Sichuan Province, a groundbreaking project is redefining renewable energy.
Farid Huseynov, Head of the AZAL Press Department, has confirmed that a total of 67 people were on board the plane involved in the recent incident, including 62 passengers and 5 crew members.
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