Domestic News: 1. The 2026 plan for optimizing the implementation of the "two new" policies was released. 2. Li Qiang signed a State Council decree promulgating the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of

2025-12-30

Domestic News: 1. The 2026 plan for optimizing the implementation of the "two new" policies was released. 2. Li Qiang signed a State Council decree promulgating the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of China". 3. The first batch of 62.5 billion yuan in ultra-long-term special treasury bonds for 2026 to support the trade-in of old consumer goods has been allocated ahead of schedule. 4. Ministry of Finance: Individuals selling homes purchased less than two years ago will pay value-added tax at a rate of 3% on the full amount; individuals selling homes purchased two years or more ago will be exempt from value-added tax. 5. The Ministry of Industry and Information Technology and three other departments issued the "Implementation Plan for Digital Transformation of the Automotive Industry," proposing that by 2027, the intelligent manufacturing capability maturity level of benchmark vehicle manufacturers will be upgraded by one level, and the digitalization level of parts manufacturers will be significantly improved. International News: 1. Yemen has declared a nationwide state of emergency for 90 days. 2. OPEC representative: OPEC+ expects to continue suspending its crude oil production increase plan. 3. Iranian Foreign Ministry: Iran designates the Royal Canadian Navy as a "terrorist organization." 4. Thai Foreign Ministry: Conditions for holding a special meeting of the Thai-Cambodian Joint Border Committee are not currently in place. 5. Germany's DAX index rose 23% for the year, its best annual performance since 2019. 6. European Central Bank: Foreign exchange reserves decreased by €600 million to €329.4 billion. 7. According to CNBC, citing sources, SoftBank has fully committed to its $40 billion investment in OpenAI. 8. According to the UAE National News Agency: The UAE Ministry of Defense stated that its counter-terrorism forces have "voluntarily" ended their mission in Yemen.