People’s Bank raises interest rates to cool growth

The Closer Economic Partnership Arrangement reduced barriers to trade and services between the mainland and Hong Kong. It used Hong Kong’s financial and commercial position to deepen integration while...

The plenum endorsed a scientific development outlook that emphasized coordination, sustainability and social welfare alongside growth. The language responded to widening inequalities and uneven...

The No. 1 Central Document focused on farmers’ incomes and rural development after the urban-coastal growth surge. It signaled that rural inequality and weak public services were constraints on the...

The central government announced direct subsidies and tax relief for grain production as part of a new rural policy. The shift redirected some public support toward farmers after decades of...

The amendment recognized citizens’ lawful private property and expanded legal security for property holders. It reflected the growth of private wealth and business, while leaving collective land...

China launched a pilot to address the split-share structure that left many state-owned shares non-tradable. The reform was intended to align shareholder incentives and deepen capital markets;...

The People’s Bank moved from a strict dollar peg to a managed float referencing a basket of currencies and revalued the renminbi. The adjustment responded to international pressure and domestic...

The Standing Committee voted to repeal the agricultural tax, ending a long-standing fiscal burden on farming households from 2006. The change recognized rural grievances and strengthened rural...

The end of the tax marked a major reversal in the fiscal relationship between state and peasants. It relieved one burden on farm households but did not eliminate other local fees or structural...

The policy waived tuition and miscellaneous fees in western rural schools as part of a phased national rollout. It addressed unequal access to education, although school quality, household costs and...