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.

Evolution of Trusted Data Matrixes

An action plan for the development of trusted data matrixes (TDM) was recently issued by the National Data Administration (NDA). China is expected to establish more than 100 TDMs by 2028, making breakthroughs in TDM operation, technology, ecology, standards and security systems, and significantly improving the level of data openness, circulation and use in various fields, according to the plan.

Extensive Plan for Digital Finance Growth

The People's Bank of China and six other governmental departments have jointly released an action plan aimed at promoting the high-quality development of digital finance by 2027. The announcement, made on November 27, outlines a framework to establish a financial system that is highly compatible with the growth of the digital economy.

Global Cross-Border Data Flow Cooperation Initiative Released

To promote global cooperation on cross-border data flow and ensure that the benefits of digital advancements are shared by people worldwide, China has officially released the full text of the Global Cross-Border Data Flow Cooperation Initiative at the 2024 World Internet Conference Wuzhen Summit.

Sci-tech Popularization Law to Be Revised

Green Energy Use Gets Boost

Promoting green transition of production and life via the use of renewable energy is the focus of a new plan by the National Development and Reform Commission, China's top economic planner, along with five other departments.The plan's guidelines put forward several major tasks, including enhancing the renewable energy supply capability and accelerating the application of renewable energy in key areas such as industry, transportation, agriculture and rural areas.

Urgent Shift to National Digitization, Greenification

China has released a comprehensive blueprint aimed at fostering the synergistic transformation and development of digitization and greenification across various regions and industries.

Document Supports Substitutes for Endangered TCM Herbs

The National Medical Products Administration (NMPA) and the National Administration of Traditional Chinese Medicine recently co-issued a document to support the development of substitutes for rare and endangered traditional Chinese medicine (TCM) herbs.

Upskilling Industrial Workforce

China released a guideline to deepen reforms in the building of its industrial workforce, aiming to cultivate approximately 2,000 national-level master artisans, 10,000 provincial-level master artisans, and 50,000 municipal-level master artisans by 2035, thus providing a robust talent base and skill support for the country's modernization drive.