USHAKOV said dialogue with the United States is continuing in working mode.

Nearly one month after rollout, the Ministry of Finance’s Financial Markets Department says China’s mortgage interest-subsidy policy has been implemented smoothly and is showing initial effects. Buyers and lenders report increased viewings and loan activity and say the subsidy has materially eased monthly mortgage payments. Entry-level secondhand units are seeing faster turnover in several cities; in Beijing some sellers have relisted properties below 1.5 mln yuan to meet policy thresholds and accelerate sales, and brokers report completed transactions citing the subsidy. Market participants expect the measure to lift turnover for small, older central-city secondhand flats and for peripheral new and used homes that experienced larger price declines, supporting transaction volumes.

REUTERS SURVEY: Forecast average gold price of $4,495/oz in 2026 and $4,650/oz in 2027. Forecast average silver price of $70.30/oz in 2026 and $66.75/oz in 2027.