China plans to intensify efforts in 2025 to stabilize its housing market, addressing challenges in the real estate sector, including the rising demand for affordable housing and urban renovations.
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.
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SpaceX has completed a largely successful test flight of Starship V3, the largest and most powerful rocket in history.
At least 90 miners have died in a gas explosion at a coal mine in northern China, in what is the country's deadliest mining accident in 17 years. The blast occurred on Friday at 19:29 local time (11:39 GMT) at the Liushenyu coal mine in Shanxi province, according to Chinese state media.
China already dominates the global rare earth supply chain. Now, scientists have discovered new deposits in northeastern China that could prove cheaper and cleaner to extract than those mined elsewhere in the country.
China has unveiled a sweeping crackdown on what it describes as illegal cross-border securities activity, targeting online brokerages accused of helping mainland investors channel money into overseas markets without proper approval.
Belarusian President Alexander Lukashenko has said Belarus will not be dragged into the war in Ukraine, while also stressing that Minsk and Moscow would jointly respond to any aggression against them.
Fighting in the Russia–Ukraine war has intensified sharply, with both sides launching significant strikes far beyond the front lines as the conflict enters its 1,549th day.
As the 13th edition of the World Urban Forum ended, Azerbaijan's Pavilion showcased reconstruction efforts in its liberated territories and foregrounded the importance of mine removal in resettlement efforts.
A French appeals court has found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio–Paris crash, marking a major development in a case that has stretched on for 17 years.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 22nd May, covering the latest developments you need to know.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
Elon Musk’s SpaceX will have to improve its reliability before receiving approval for its target 10,000 launches annually within five years, Bryan Bedford, Head of the U.S. civil aviation agency, the Federal Aviation Administration (FAA), has said.
Demand for electric vehicles has surged across Europe as elevated fuel prices linked to the Iran conflict push consumers toward new and second-hand EVs, according to data shared with Reuters. It is providing a boost to an auto industry that has struggled with slower-than-expected adoption.
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