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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Meta Loses Appeal in Russian Court Over ‘Extremist Activity’ Tag

Jimmy Khan

Jun 21, 2022 12:06

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According to the TASS news agency, a Moscow court on Monday dismissed Meta Platforms Inc's appeal after the company was found guilty of "extremist activities" in Russia in March.


Following the deployment of tens of thousands of troops into Ukraine on February 24, Russia restricted access to Meta's flagship platforms Facebook and Instagram, as well as fellow social network Twitter, a move critics have interpreted as an attempt by Russia to exert greater control over information flows.


Russia stated in March that its extremist decision will not apply to Meta's WhatsApp communication program, instead concentrating on Facebook and Instagram.


Meta did not reply to an emailed request for comment right away. Meta's lawyer, Victoria Shakina, told a judge in March that her client was not engaged in extremist activities and was opposed to Russophobia.


After Meta said it would allow social media users in Ukraine to post messages urging violence against Russian President Vladimir Putin and the troops Moscow sent there, Russia banned Facebook.


Instagram was then targeted after Meta said it would allow social media users in Ukraine to post messages urging violence against Russian President Vladimir Putin and the troops Moscow sent there.


Meta's advise was later adjusted to forbid calls for the killing of a head of state and said that it should never be understood as supporting violence against Russians in general.


Russia has also taken issue with the way Western platforms treat its own media, some of which are labeled as'state-controlled.' Roskomnadzor, Russia's communications regulator, has punished social media sites for failing to remove information that Russia considers unlawful on a frequent basis.


According to a Kommersant reporter in the courtroom, a lawyer defending Meta told the court on Monday that refusing to prevent access to content and labeling state-controlled media as radical were not behaviors that qualified.


That account could not be independently verified by Reuters, and the lawyer could not be located immediately.


Because Meta's WhatsApp service remained operational after the verdict, there was some misunderstanding in March. Prosecutors also stated that people would not be prosecuted merely for utilizing Meta's services, which are still available over virtual private networks (VPNs).


Organizations and people must incorporate the disclaimer that Meta's operations are prohibited on Russian territory when referring to Meta in the public domain, according to the order.