Central policy issues a guideline to grow the private economy

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 Congress emphasized high-quality development, technological self-reliance, common prosperity and national security. The agenda placed economic modernization under stronger political direction,...

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 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...

The report emphasized innovation-led growth, advanced manufacturing and new productive forces. This continued a strategy of building technological capacity under geopolitical pressure, while debate...

The Central Committee approved a broad reform program focused on a high-standard socialist market economy, innovation, fiscal governance and urban-rural integration. The plan reaffirmed market...

The Politburo called for forceful fiscal and monetary measures, support for local governments, stabilization of property markets and stronger capital markets. The announcement recognized the depth...