Author: xjadmin

On May 17th, several banks in Guangzhou raised their mortgage interest rates by adding points. According to some banks and real estate agents, starting from May 17th, the interest rate for first-time home loans in Guangzhou will be adjusted from the original LPR-60bp to LPR-50bp, which means that the interest rate for first-time home loans over five years will increase by 10BP, from the original 3.0% to 3.1%.

On May 17th, Luo Tiejun, member of the Standing Committee of the Party Committee and Vice President of the China Iron and Steel Industry Association, stated at the 16th China International Symposium on Metal Recycling Applications that China, as the world’s largest domestic steel market, will exist for a long time. Against the backdrop of declining demand and market downturn, reducing production has become an industry consensus, and the key is to translate it into unified action, “emphasized Luo Tiejun.

On May 17, at the invitation of the Nepalese Federal Parliament, Xiao Jie, Vice Chairman of the Standing Committee of the National People’s Congress, led a delegation to Nepal from May 14 to 17 to meet with Prime Minister Oli of Nepal, Speaker Jimmy Ray of the House of Representatives, President Dahal of the Federal House of Representatives, and Deputy Speaker Rana of the House of Representatives, respectively. Xiao Jie stated that China is willing to work with Nepal to implement the important consensus reached by the leaders of the two countries, deepen political mutual trust, strengthen exchanges and mutual learning among legislative bodies, and promote the continuous deepening of China Nepal strategic partnership and practical cooperation in various fields.

On May 17th, it was learned from the Ministry of Water Resources that as of mid May, the average precipitation in China this year was nearly 20% lower than the same period in previous years, and the water inflow from major rivers was nearly 30% lower than the same period in previous years. In order to fully guarantee irrigation water for grain production, the Ministry of Water Resources scientifically schedules water projects, plays the role of the main force in large and medium-sized irrigation areas, and various basin management agencies also strengthen water allocation. At present, the spring irrigation area in China has reached 360 million mu, of which 5230 large and medium-sized irrigation areas have been launched, irrigating 250 million mu. 237 large and medium-sized irrigation areas in drought affected regions of Shanxi, Henan, Shaanxi and other provinces have provided a cumulative water supply of over 1.7 billion cubic meters, irrigating an area of 15.7 million mu, and ensuring overall irrigation water supply.

On May 17th, since the new US government took office, the negative impact of tariff policies has exceeded market expectations, not only causing more trouble for the US economy, but also bringing more uncertainty to the global economy. Maximilian Rothkopf, Chief Operating Officer of German container shipping giant Hapag Lloyd, stated in an interview with reporters that the US tariff policy has brought a lot of uncertainty to the company’s operations. At the same time, he emphasized that China is the most important market for global container shipping.

On May 17th, the commemoration of World Telecommunication and Information Society Day 2025 and the 160th anniversary of the establishment of the International Telecommunication Union was held in Nanchang, Jiangxi Province. Zhang Yunming, Vice Minister of the Ministry of Industry and Information Technology and Chairman of the Chinese Society of Communications, attended the event and pointed out that China has built the world’s leading and largest information and communication network, integrated 5G applications into 86 of 97 national economic categories, achieved full coverage of 41 industrial categories, promoted the accelerated layout of artificial intelligence, low altitude economy, etc., and effectively promoted the deep integration of the real economy and the digital economy.

On May 17, the Central Meteorological Station issued a blue rainstorm warning at 18:00 on May 17: It is expected that from 20:00 on May 17 to 20:00 on May 18, some regions in southern Hunan, eastern Jiangxi, southern Zhejiang, northern Fujian, eastern Yunnan, western and northern central Guangxi, northern central Guangdong and other regions will have heavy to rainstorm, of which, some regions in southern Zhejiang, northern Guangxi and other regions will have heavy rainstorm (100~180 mm). The above-mentioned areas are accompanied by short-term heavy rainfall (maximum hourly rainfall of 30-60 millimeters, locally exceeding 80 millimeters) and other severe convective weather.

On May 17th, Chen Huaiyu, Secretary of the Party Committee and Chairman of the Export Import Bank, went to Fujian Province for research. During their stay in Fujian, Chairman Chen Huaiyu and his delegation had in-depth exchanges with the leaders of Fuyao Glass Industry Group Co., Ltd. and Yongrong Holdings Group Co., Ltd. on topics such as manufacturing transformation and upgrading, global development layout, etc., to understand the financial needs of enterprises and exchange opinions on deepening cooperation.

On May 17, Liu Qiang, Secretary of the CPC Jinan Municipal Committee, and Yu Haidian, Deputy Secretary of the CPC Jinan Municipal Committee and Mayor, met with Robin Lee, Founder, Chairman and CEO of Baidu Group, and witnessed the signing of the strategic cooperation agreement. Both parties will build an artificial intelligence ecosystem to drive the development of related industries; Building an artificial intelligence data annotation base and cultivating professionals in data element technology; Develop large-scale model applications suitable for government affairs, healthcare, education, industry, transportation, and other fields, empowering traditional industries to undergo digital transformation; Explore cooperation in the field of autonomous driving and carry out landing verification of autonomous driving technology.

On May 17th, it was learned from Aviation Industry Corporation of China that the Northwest Regional Administration of Civil Aviation of China recently issued China’s first approved test flight appointment document to the Civil Aircraft Test Flight Center of Aviation Industry Corporation of China in Xi’an. The Civil Aircraft Flight Test Center has been awarded the representative document of the approved test flight commissioning unit, indicating that the center can carry out the approved test flight, functional and reliability test flight of normal, transport and restricted aircraft within the authorized scope in accordance with relevant regulations and procedures.