Cross-border Financing Reform Accelerated

?On April 17, the People's Bank of China, along with five other regulatory bodies, released a new guideline to facilitate and regulate international transfer of financial data. The document clarifies the specific data categories eligible for outbound transfer, including streamlined procedures for scenarios such as cross-border payments, remittances, account openings, and shopping.

Bridging Tech and Industrial Innovation

It's time for technological and industrial innovation to increase their level of integration, according to an official from the Ministry of Industry and Information Technology (MIIT), who made the remark at the China Development Forum 2025 recently held in Beijing.

Guideline to Modernize TCM Industry

China has launched a new guideline aimed at enhancing the quality and innovative development of the traditional Chinese medicine (TCM) industry. The guideline, recently issued by the State Council, emphasizes quality improvement and technological innovation as key drivers for building a modernized industrial system and better serving public health.

Green Electricity Certificate Market Boosted

A guideline to set up an efficient system promoting green energy consumption has been issued in China, with the goal of developing the renewable energy sector and the green electricity certificate (GEC) market.

Key Tasks to Boost Domestic Consumption

The Central Committee of the Communist Party of China and the State Council have issued a detailed action plan to stimulate consumer spending and expand domestic demand.

Foreign Investment Action Plan Released

?Aimed at stabilizing foreign investment in China in 2025, an action plan putting forward 20 measures was released by the State Council on February 19.

Sci-tech Empowers Ecological Environment

In a significant move towards enhancing ecological preservation in China, the Ministry of Ecology and Environment (MEE) and other related departments have recently issued an implementation guideline on strengthening technological innovation in the ecological environment sector to promote the construction of Beautiful China.

10 Key Policies: Boosting Innovation, Green Transition and Opening-up

The 2025 Two Sessions, namely, the third session of the 14th National People's Congress and the third session of the 14th National Committee of the Chinese People's Political Consultative Conference, are underway in Beijing. During this significant political event, more policies are anticipated to be proposed and deliberated. We review some of the nation's crucial policies over the past year regarding promoting high-quality development, especially in terms of deepening economic and social reforms, boosting sci-tech innovation, strengthening the green transition and expanding opening-up.

First Meeting of New Year for High-quality Development

As the Year of the Snake begins, various municipalities and provinces across China have already hosted their first planning meetings. These meetings are aimed at reinforcing the real economy, optimizing the business environment, and promoting technological innovation, thereby laying a strong foundation for high-quality economic and social development.

Electricity Carbon Footprint Factor Data Released

China unveiled its inaugural electricity carbon footprint factor data in late January, marking a milestone in domestic carbon accounting.

Cultural Development Gets Timely Investment

China's ongoing commitment to reform its cultural facilities and services has taken a significant step forward, with the release of a new set of economic policies aimed at promoting high-quality cultural development.

Plan for Healthy Whole Grain Diet

Increasing the supply and consumption of whole grains not only helps reduce food loss and waste and enhance food security, but also promotes balanced nutrition and improves public health, said Wang Hong, spokesperson for the National Food and Strategic Reserves Administration (NFSRA), at a recent press conference.

New Education Development Blueprint Unveiled

The Central Committee of the Communist Party of China and the State Council recently issued a new education blueprint, outlining goals for building China into an educational powerhouse.

New Data Infrastructure Guidelines to Shape Digital Future

Beijing's Blueprint to be STI Hub

Digital Transformation of Manufacturing Sector Pushed

Digital transformation of China's manufacturing sector is in the spotlight, after a recent guideline.

'5G+ Industrial Internet' Gets Further Momentum

An Implementation Plan for the Upgraded Version of "5G+ Industrial Internet" 512 Project, to drive the integration of 5G technology into industrial applications and promote innovative development in this critical area, was recently issued by the Ministry of Industry and Information Technology (MIIT).

Promoting Digital Transition of SMEs

China's Ministry of Industry and Information Technology (MIIT), along with three other departments, recently released an action plan to promote the digital transformation of small and medium-sized enterprises (SMEs).

Cash-pooling Service for Multinationals Optimized

The People's Bank of China (PBC) and the State Administration of Foreign Exchange (SAFE) announced enhancements to a pilot cash-pooling service on December 18, integrating domestic and foreign currency management for multinational corporations (MNCs) in China.

Guideline to Make Cities More Resilient

In a move to enhance city resilience, China has released a guideline to promote the construction of new-type urban infrastructure.