05 Dec 2024
More recent developments
July 14, 2026
Past is prologue for Beijing’s five-year consumption plan
Beijing is doubling down on its failed approach to consumption. In its five-year plan (FYP) on expanding consumption, published July 13, the State Council said it would: "Expand domestic demand as the strategic bedrock...and better leverage consumption's foundational role in… Read More »
July 14, 2026
Premier Li calls for more economic support
China’s premier thinks China’s economy needs a boost. On July 13, at a meeting with economists and entrepreneurs to discuss the state of the economy, Premier Li Qiang said that to achieve Beijing’s economic goals, authorities would: “Increase counter-cyclical adjustments”… Read More »
July 14, 2026
China’s new health plan drops target to lower out-of-pocket medical costs
Beijing won't be moving mountains to cut households' medical bills. The newly published 15th Five-Year Plan (FYP) for National Health has dropped a top-line quantitative target for reducing out-of-pocket spending as a share of total health costs. Instead, the plan,… Read More »