China hosts the G20 Hangzhou summit

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 IMF decided that the renminbi would join the Special Drawing Rights basket from October 2016. The move marked international recognition of China’s trade and financial weight, while also reflecting...

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...

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...

China expanded its free-trade-zone experiment beyond Shanghai to inland and coastal provinces. This spread administrative and trade-policy experimentation across regions, supporting selective...

The Congress shifted official emphasis from rapid growth toward quality, innovation and coordinated development. It reaffirmed party leadership over economic policy and positioned technological...

The State Council announced a central committee to coordinate financial regulation across agencies. Its creation responded to risks created by rapid credit growth and complex shadow banking,...

At the Boao Forum, China announced plans to ease foreign ownership caps in banking, securities and insurance. The pledge sought to attract capital and respond to trade pressure, while opening remained...