Government work report prioritizes domestic demand and industrial policy

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...

The legislature authorized additional local-government bonds to replace hidden debt, alongside a multi-year plan using special bonds. The measure aimed to lower near-term repayment pressure and...

The law established national rules intended to support private enterprises, including fair market access and protection of property and business rights. It codified the private sector’s role within...

The new law came into effect, adding a statutory framework for private-sector development and support. Its implementation became a test of whether legal guarantees could improve financing, competition...

Platforms must report quarterly identity and income data for merchants and workers. The measure formalizes a state capacity to tax and regulate platform labor, while its fairness claims sit...

A unified process lets entities seek removal of eligible public credit records after fulfilling obligations, through a national portal and local service windows. This can reduce the long-term...

A 2025-2027 plan asks public agencies and enterprises to hire disabled people and expands self-employment, flexible work, and employment services. It recognizes exclusion from labor markets as a...