Honda Motor Co. (HMC.N) CEO said the company cannot compete with rapidly growing peers, warning the auto business outlook may come under pressure.

Henan provincial party and government offices issued an implementation plan to boost high-quality urban development, tasking city governments with stabilizing the property market by city-specific supply control, inventory reduction and higher-quality housing supply. The plan mandates cities to deliver 2–3 annual model "Good House" projects, accelerate urban-village and dilapidated-housing redevelopment, support owner-led refurbishment and rebuild-on-original-footprint schemes, and complete nationally funded urban-village redevelopment projects by 2028. It requires continued renovation of urban neighborhoods built before 2005 and promotes acquisition of existing commercial housing for use as affordable rental housing, targeting an addition of over 50,000 affordable rental units by 2030. The plan also orders a property-service quality upgrade, aiming for full coverage of community property services and party-building within property service firms.

美联储威廉姆斯：如果中东战争干扰尽快解决，将降低通胀压力。