IMF approves renminbi inclusion in SDR basket

The State Council called for easing hukou barriers in smaller cities and improving access to basic services for migrants. The reform addressed a labor system that depended on migrant work while...

The link allowed eligible investors to trade listed shares across the two markets under quotas and regulatory controls. It deepened cross-border finance without full capital-account liberalization,...

The 2015 Government Work Report placed “Made in China 2025” on the national agenda, aiming to upgrade manufacturing through technology and higher domestic capabilities. The strategy linked...

The State Council released a decade-long manufacturing strategy for innovation, quality and industrial upgrading. It reflected a state-led effort to move up global value chains rather than accept a...

The PBOC adjusted how the daily central rate was set, linking it more closely to the previous day’s market close and supply and demand. This expanded market signals in exchange-rate formation but...

The annual conference made supply-side structural reform a central economic policy framework for 2016, including capacity cuts, deleveraging, destocking, cost reduction and stronger weak links. The...

The NPC approved a plan emphasizing innovation, poverty reduction, services and more balanced growth, while retaining national planning as a central coordinating tool. Its targets guided investment...

The VAT pilot expanded to construction, property, finance and consumer services, ending the parallel business-tax system. The reform aimed to reduce cascading taxation and support service-sector...

China used the presidency to promote innovation, structural reform and inclusive global growth. As a former target of externally imposed economic rules, it increasingly shaped global economic...

The second major stock-market link extended cross-border investment channels and reinforced Hong Kong’s intermediary role. The program permitted controlled flows across markets but stopped short of...