China Sets 2025 Auto Sales Target Below Industry Forecasts

China’s Ministry of Industry and Information Technology (MIIT), along with seven other government agencies, has set a 2025 vehicle sales target of 32.3 million units, slightly below the 32.9 million units projected by the China Association of Automobile Manufacturers (CAAM). The plan also aims for 15.5 million new energy vehicle (NEV) sales, marking a 20% increase from last year but still under CAAM’s estimate of 16 million. The initiative is designed to support stable growth in the auto sector, while also outlining conditional approval for Level 3 autonomous vehicles and measures to improve road safety, insurance frameworks, and regulatory oversight. In addition, the government seeks to strengthen market order and curb unhealthy competition in the world’s largest auto market. Authorities have launched a three-month campaign targeting false advertising and online misconduct in the auto sector, following tighter regulations introduced in May to address the prolonged price war that has hurt automakers, suppliers, and dealers. The plan underscores Beijing’s efforts to balance rapid innovation in EVs and autonomous driving with stricter oversight and healthier competition.

https://internasional.kontan.co.id/news/china-targetkan-penjualan-mobil-323-juta-unit-pada-2025-di-bawah-proyeksi-asosiasi

UBS Lifts Gold Price Forecast Amid Fed Easing and Geopolitical Risks

UBS has raised its gold price forecast by $300, projecting the metal to reach $3,800 per troy ounce by the end of 2025 and $3,900 by mid-2026. The upward revision reflects expectations of continued U.S. Federal Reserve interest rate cuts, a weaker U.S. dollar, and heightened geopolitical risks. The bank also adjusted its outlook for gold-backed exchange-traded fund (ETF) holdings, predicting volumes to exceed 3,900 tons in 2025, nearing the all-time high of 3,915 tons recorded in October 2020. UBS highlighted that ongoing geopolitical uncertainty and policy misalignment between the U.S. government and the Fed have strengthened gold’s appeal as a safe-haven asset. Central bank demand is also expected to remain robust, with purchases estimated at 900–950 tons in 2025. Although slightly below last year’s record of nearly 1,000 tons, the figure underscores strong and sustained interest from global monetary authorities.

https://internasional.kontan.co.id/news/ubs-kembali-kerek-proyeksi-harga-emas-bisa-capai-us-3800