policy

Although summer events like the Olympics and Qixi Festival have seen many Chinese consumers spending again, flagging consumer demand is still an economic headache On Saturday, 3 August, the State Council, China’s highest administrative governing body, issued a wide range of suggested consumption-boosting steps to all levels of government. The steps (available in Chinese here) aim to address China’s ongoing struggle with poor consumer demand, which is proving to be a drag on GDP growth. Some …

China’s most important political meetings show the need for a balancing act between economic growth and emissions control, write Lin Zi and Cui Qiwen for China Dialogue The foundation for China’s sustained economic recovery and growth is not solid enough,” stated Premier Li Qiang in the government’s work report published on 5 March. The report is the central part of China’s “Two Sessions” meetings. Delivered by the premier, it outlines …

British businesses in China view China’s latest effort to optimise the business environment for foreign investments broadly as a positive development. However, consistent and timely implementation will be key to ensure that they deliver as intended, as CBBC Senior Director Kiran Patel writes in an op-ed originally published by Caixin On 14 August, China’s State Council released Opinions on Further Optimising the Foreign Investment Environment and Increasing Efforts to Attract …

A mix of government initiatives, marketing and consumer choice can help cut emissions from China’s food system, writes You Xiaoying for China Dialogue There is no kitchen waste at Li Yan’s restaurant: everything gets eaten, reused or composted. There is no fixed menu, either. The 40-year-old chef buys seasonal local produce fresh from market vendors every day, carrying a bamboo basket on his back. Most elements in the dishes are …

The US and China appear to have realised the constraints placed upon them by their interdependence and are seeking to ease relations as a result, with high-level government-to-government engagement between the pair ramping up significantly over the past year. However, companies from the US and beyond will need to continue to tread carefully in and around China, writes Joe Cash In American political circles, China is seen as both a …

From ubiquitous mobile payments and online insurance to carbon neutrality and rural revitalisation, China’s 2022-2025 Fintech Development Plan has some very lofty ambitions. Qian Zhou from China Briefing reviews the main contents of the new fintech plan The People’s Bank of China (PBOC) recently released its Fintech Development Plan for 2022-2025, which seeks to further develop China’s fintech sector and drive the digital transformation of finance in the country over …

As China’s economic growth slows, stable monetary and fiscal policy remain the top priorities for 2022. Beijing is also expected to focus more on housing, pronatalist incentives and ‘tertiary distribution’ under its new Common Prosperity policy From 8-10 December, Chinese leaders convened their annual Central Economic Work Conference (CEWC). The read-out of the conference stresses the urgent need to address ‘three pressures’: shrinking demand, supply shocks, and a weakening economic …

Multiple new laws and regulations that affect doing business in China came into force on 1 January 2022. Foreign investors and businesses engaging in cosmetics, food and beverage, import and export, and businesses that care for older adults should pay special attention 1. Negative Lists for Foreign Investment Access The National Development and Reform Commission and the Ministry of Commerce released the Special Administrative Measures (Negative List) for Foreign Investment …

China offers a range of tax incentives to encourage the growth of industries and technologies such as semiconductors, artificial intelligence and biopharmaceuticals. But what kind of companies qualify for these innovation tax incentives? As China endeavours to shift from a low-end mass manufacturer to a high-end producer, the government has doubled down on encouraging targeted investments in R&D and technological innovation. The ongoing technology confrontation with the US is another …

The communiqué of the Communist Party’s recent Sixth Plenary Session sets the tone for China’s domestic politics and society for decades to come. So what’s in it? And how does Xi Jinping compare to his predecessors Mao Zedong and Deng Xiaoping? The prognostications of most China analysts turned out to be right, and speculation over whether President Xi Jinping had the base to pass what is only the third ‘Resolution …