Twentieth Party Congress sets economic priorities for a new term

A Central Financial and Economic Affairs Commission meeting called for common prosperity within high-quality development. The agenda revived questions of redistribution and access to services, but...

The Standing Committee authorized property-tax pilots in selected regions for five years. The move opened a path toward taxing property ownership and improving local revenue, while the pilot’s limited...

The agreement began lowering tariffs and standardizing some regional trade rules for China and participating members. It deepened South-South and Asia-Pacific economic integration, offering...

The annual report set a growth target and promised tax rebates and fee cuts to stabilize firms and employment. The policy mix reflected state capacity to cushion shocks, while household demand,...

The revised law expanded competition rules, strengthened enforcement powers and added provisions relevant to platform markets. It marked the state’s effort to discipline concentrated private power and...

The State Council issued measures that reduced quarantine and testing restrictions, accelerating the shift away from zero-COVID controls. The transition reopened economic activity after major...

The NPC approved institutional restructuring, including a National Financial Regulatory Administration to coordinate supervision beyond securities markets. The change strengthened central regulatory...

The CPC Central Committee and State Council published measures addressing market access, financing and legal protections for private firms. The initiative responded to weak confidence after regulatory...

The NDRC announced a bureau to coordinate policy support for private firms. Its creation signaled an effort to reassure entrepreneurs and address obstacles to investment, while private enterprise...

The conference set priorities for 2024, including domestic demand, technological innovation and risk prevention. The agenda recognized weak consumption and property-sector difficulties but retained...