NPC adopts the Social Insurance Law

Local governments used financing platforms and bank credit to build infrastructure under the stimulus. This expanded local investment capacity but shifted liabilities off-budget and created...

China completed its principal scheduled tariff-reduction commitments, lowering the overall tariff level from its 2001 position. The change consolidated trade integration and competition, while leaving...

The central bank announced a return to managed flexibility after the crisis-era peg. The move responded to domestic recovery and international pressure, while retaining control over the exchange...

The Economic Cooperation Framework Agreement reduced tariffs and opened selected services between the two sides. It connected cross-strait economic ties to political questions of sovereignty, while...

New annual data confirmed that China’s economy had overtaken Japan’s by nominal GDP. The milestone reflected decades of state-led investment, export manufacturing and labor mobilization, but aggregate...

The plan proposed faster household consumption, improved social services, innovation and lower dependence on exports and investment. It acknowledged structural imbalances but left the mechanisms and...

The 2011-2015 plan formalized goals for income growth, services, urbanization and environmental limits. It continued planning as a central instrument while calling for a more consumption-oriented...

The national framework became operative, setting rules for enrollment and benefits across several insurance branches. It represented a major institutional expansion, though migrant workers and...

The lower target signaled greater acceptance that growth should be moderated and rebalanced. It reflected concerns about inflation, investment dependence and global uncertainty, while the...

The pilot authorized local experimentation in private finance, lending and cross-border investment. It responded to the credit needs of small firms often underserved by formal banks, while seeking...