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On August 12th, China Resources Land (01109.HK) announced that for the month ended July 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB14.1 billion and total contracted sales area of approximately 410,000 square meters, representing year-on-year growth of 6.0% and a decrease of 11.0%, respectively. For the first seven months of 2026, cumulative contracted sales amounted to approximately RMB130.6 billion, with a total contracted sales area of approximately 3.573 million square meters, representing year-on-year growth of 5.7% and a decrease of 22.0%, respectively. In July 2026, the Groups recurring revenue was approximately RMB4.41 billion, representing year-on-year growth of 5.6%, of which rental income from operating real estate rental business was approximately RMB2.86 billion, representing year-on-year growth of 6.6%. The company’s cumulative recurring revenue for the first seven months of 2026 was approximately RMB 30.88 billion, representing a year-on-year increase of 7.3%. Of this, rental income from operating real estate rental business was approximately RMB 20.73 billion, representing a year-on-year increase of 11.7%.On August 12th, the Peoples Bank of China (PBOC) released its 2026 Q2 China Monetary Policy Implementation Report. Since the beginning of this year, influenced by factors such as the tense situation in the Middle East, international crude oil and commodity prices have risen, and inflation levels in major economies have generally increased due to external supply shocks. Recently, the monetary policies of major overseas central banks, such as the Federal Reserve and the European Central Bank, have shown adjustments or tendencies towards adjustments, which may have spillover effects on the global economy and financial markets. The monetary policy stances of major overseas central banks are trending towards a shift. As of the end of July, among the central banks of major developed economies, the European Central Bank and the Bank of Japan had raised interest rates, while the Federal Reserve maintained its interest rate but released hawkish signals. It is expected that this round of monetary policy adjustments by major central banks will be relatively mild. Over the past decade or so, monetary policy adjustments by major central banks have often had significant spillover effects on the global economy and financial markets. However, based on the current situation, it is expected that the magnitude of this round of monetary policy adjustments will be relatively mild, and the impact may be smaller than in the past.A senior Iranian source said the United States violated the interim agreement just 48 hours after it was reached and withdrew from it a few days later.A senior Iranian source stated that there have been no discussions between Iran and the United States regarding extending the ceasefire. From Irans perspective, the ceasefire agreement has no effective date, therefore there is no need to extend it.Market sources indicate that a senior Iraqi security delegation will visit Saudi Arabia tomorrow to discuss a range of security issues.

GM Mexico's CEO Thinks The Country Will Miss Its 2030 Electric Car Target

Charlie Brooks

Nov 17, 2022 15:32

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General Motors (NYSE:GM) Mexico President Francisco Garza claimed on Wednesday that just 15% of vehicles produced in the country in 2030 will be electric, falling short of the government's objective.


Garza told Reuters that electric-vehicle (EV) production could reach 30 percent due to falling prices, government incentives, and the expansion of charging station availability.


GM is already in negotiations with the municipal, state, and federal governments of Mexico to increase production of electric vehicles, according to Garza.


President Andres Manuel Lopez Obrador and other officials have frequently declared that Mexico is on track to meet or exceed its goal of electrifying fifty percent of its automotive production by 2030.


Wednesday, Garza claimed that the government's official goal was to achieve 30 percent of output by 2030. A representative of the Mexican Automotive Industry Association (AMIA) told Reuters that the goal was 30 to 50 percent.


According to Garza, General Motors is already in the process of converting production at its Ramos Arizpe factory in Coahuila to electric vehicles and aims to produce only electric vehicles at all three of its Mexican facilities by 2035.


Mexico's foreign minister, Marcelo Ebrard, has similarly set a goal of a 50% market share for EVs by 2030. As an example, he cited California's mandate that all new vehicles sold by 2035 must be electric or plug-in hybrid electrics.


"The (government) has pledged to provide public policies for the electrification of automobiles by the beginning of next year," said Garza.


Once the regulations are published, Garza said, "We'll have a better idea of what the actual amount that can be sold through 2030 will be, and ideally it will be greater than the 15% estimate."

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