China labels alleged European '301' instrument as protectionist act and unilateral measures
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CGTN
cgtn.com

China labels alleged European '301' instrument as protectionist act and unilateral measures

China's Ministry of Commerce stated on Tuesday that the instrument being promoted by some European Union (EU) member states is a typical example of protectionism and unilateral actions. According to the Chinese side, such steps could disrupt trade between China and the EU, as well as undermine the stability of global industries and supply chains.

A representative of China's Ministry of Commerce made these statements in response to media inquiries regarding reports that some EU countries are preparing a joint document. This document calls on the European Commission to accelerate the development of the so-called European '301' instrument and adopt tougher measures against China.

The representative emphasized that the instrument mentioned in the reports will not solve any problems and may even lead to adverse results, noting that the EU itself has previously been a victim of similar measures.

Since the EU is an important member of the World Trade Organization (WTO) and has long positioned itself as a defender of multilateralism, the representative warned that if the EU does not set an example and begins to violate WTO rules, it will seriously undermine the rules-based multilateral trading system.

According to the representative, China and the EU are currently engaged in dialogue within their trade and investment consultation mechanism, exploring ways to resolve mutual issues. However, the representative noted that if the EU simultaneously increases pressure on China while engaging in dialogue, it will seriously damage mutual trust, disrupt the overall consultation process, and affect broader economic and trade cooperation between China and the EU.

China called on the EU to continue managing disagreements through dialogue. The representative added that China is closely monitoring the EU's further actions, and if the EU insists on introducing discriminatory restrictive measures targeting Chinese companies or products, China will respond decisively to protect the legitimate rights and interests of Chinese industry.

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UAE Announces Fuel Prices for October 2026: Price Hike Linked to Global Oil Quotations

The United Arab Emirates (UAE) has published fuel prices effective for October 2026. These tariffs show an increase across all fuel types compared to September rates. The price hike occurs amid the ongoing rise in global oil prices, as crude oil traded at approximately $107 per barrel on Tuesday, September 29, extending the increase for the second consecutive session.

In recent months, fuel prices have fluctuated. In September and August, rates saw a slight increase after a decrease in July, which followed four months of continuous price increases amid the regional war.

Fuel prices approved by the UAE Ministry of Energy are set monthly. They are calculated based on the average global oil price, with subsequent addition of distributors' operating costs.

The new rates will take effect on October 1st. Depending on the vehicle type, filling a full tank of gasoline in October will cost between Dh30.09 and Dh44.4 more than in September. Data is provided on the cost of a full tank for capacities of 51, 62, and 74 liters.

Monthly changes in gasoline prices in the UAE directly affect the financial situation of households, as fuel remains a necessary and regular expense for most families. Even small fluctuations can accumulate over time, and with rising prices, drivers often have to allocate a large portion of their income to cover fuel expenses.

Previously, in 2022, the UAE recorded record fuel prices following the war between Russia and Ukraine, when the cost exceeded the Dh4 per liter mark for the first time.

How Generation Z is shaping investment portfolios: A comparison of real estate and stocks
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How Generation Z is shaping investment portfolios: A comparison of real estate and stocks

Generation Z investors have access to far more investment options compared to previous generations. In addition to stocks, mutual funds, and real estate, they can now utilize REITs, Exchange Traded Funds (ETFs), and digital investment platforms. These growing opportunities have changed the traditional role of real estate in wealth creation. Young investors are now comparing real estate with other investment options based on criteria such as yield, liquidity, and flexibility.

According to Gaurav Mavi, co-founder of BOP.in, real estate can maintain its role in a diversified portfolio, but young investors view property differently than previous generations; for them, a home or real estate is no longer a mandatory first investment. Instead, they evaluate the advantages and limitations of real estate, placing it alongside other asset classes.

These changes occur against the backdrop of sustained demand in the Indian housing market. According to Knight Frank estimates, over 348 thousand homes were sold in 2025 across eight major residential markets in India. Furthermore, the share of premium housing has also increased, indicating continued demand for high-end properties.

According to data provided by Gaurav Mavi, property prices in several Delhi-NCR micro-markets have seen an annual growth of approximately 10 percent. The rapid development of infrastructure in the region also influences decisions regarding investment in both residential and commercial real estate.

For Generation Z investors, liquidity has become a critical aspect. The need for frequent city changes due to career shifts, entrepreneurship, or work/business forces young investors to think carefully before locking up large sums in physical real estate early in their careers.

Investing in real estate requires significant initial capital, and selling it quickly for cash is not always easy. In contrast, investing in and withdrawing funds from stocks, mutual funds, and other financial products can be relatively straightforward.

The expansion of Fractional Ownership and listed real estate products has opened new avenues for real estate investment. In March 2024, SEBI introduced the SM REIT structure, which allows investors to invest in real estate without purchasing the entire property.

Gaurav Mavi, citing ICRA data, noted that assets worth about 500 billion rupees are managed through fractional ownership platforms in India, and fully built office buildings valued between 670 and 710 billion rupees can be monetized through SM REITs.

Physical real estate possesses certain characteristics not directly present in financial assets, including rental income, ownership of a tangible asset, and the ability to invest in a large property using leverage. However, there are also challenges, such as transaction costs, maintenance expenses, debt risk, and low liquidity. Therefore, it is important for young investors to consider not only potential returns but also associated investment costs and risks.

Infrastructure-driven development also influences real estate investment decisions. Residential and commercial activity is growing around the Dwarka Expressway, Yamuna Expressway, Greater Noida, and Noida International Airport. Thanks to improved connectivity and expanded economic infrastructure, real estate activity in these areas is also increasing.

A growing trend among Generation Z investors is not choosing between real estate and financial assets, but rather building a portfolio by combining various asset classes. Real estate can be part of this portfolio, but its significance depends on factors such as investor income, investment horizon, need for liquidity, risk tolerance, and the quality and location of the property.

Overall, the method of wealth creation is becoming portfolio-oriented, as physical real estate, listed REITs, stocks, and other financial instruments can satisfy diverse investment goals.

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