China marks forty years of reform and opening

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...

The revised negative list reduced restrictions on foreign investment in selected sectors, including finance and manufacturing. The list-based approach marked a shift toward permitting activity...

The expo promoted imports and framed China as a defender of trade openness amid rising tariff conflict with the United States. Import commitments could expand market access, but the event also...

The law raised the monthly basic deduction and introduced additional deductions for expenses such as education, housing and healthcare. It changed how personal income was taxed and modestly recognized...

The NPC adopted a single law to replace three older laws governing foreign-invested enterprises. It promised national treatment and protection against forced technology transfer, reflecting external...

The PBOC announced a revised LPR quotation mechanism to improve the transmission of market-based rates into bank lending. The change aimed to lower financing costs and reduce implicit rate...

The Lingang area was tasked with testing high-standard opening, cross-border finance and trade facilitation. It extended China’s use of pilot zones as controlled laboratories, with reforms designed to...

The law consolidated China’s foreign-investment framework and replaced the earlier joint-venture statutes. Its formal protections addressed longstanding foreign-business concerns, while implementation...