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Jul 30, 2026

Macro News From July 30th

◎ Eighteen departments jointly issued the "National Climate Change Response Plan for the 14th Five-Year Plan Period". It requires that by 2030, carbon dioxide emissions per unit of GDP should decrease by 17% compared to 2025, and the carbon dioxide emissions per unit of product in industries covered by the national carbon emission trading market should decrease by about 3% compared to 2025.
◎ The Price Supervision and Anti-unfair Competition Bureau of the State Administration for Market Regulation is scheduled to carry out a price compliance guidance activity for the photovoltaic industry on July 31st. The invited participants include the China Photovoltaic Industry Association and relevant photovoltaic industry enterprises. It is reported that this meeting aims to guide the photovoltaic industry to strengthen cost accounting, implement the "General Principles for Cost Accounting Model of Photovoltaic Industry", and curb irrational competition.

◎ In an interview, US President Trump stated that the US would retaliate after Iran launched a missile attack on US forces. Trump claimed that the US would "strike hard" at Iran, and Iran would receive a "stinging blow".
◎ A senior Iranian official stated that Iran has rejected Oman's proposal for a regional mechanism to jointly manage shipping through the Strait of Hormuz. Iran also proposed that one of the entry and exit routes for ships passing through the strait must pass entirely through Iranian waters, while the other must also partially pass through Iranian waters.

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