More recent developments
NDRC issues guidelines for unified national market
On Tuesday, the macro planner (NDRC) issued new guidelines for establishing a unified national market. The guidelines outline measures to safeguard businesses, dismantle trade and investment barriers, and promote fair competition nationwide. Among other measures, the guidelines mandate government agencies… Read More »
Steel veteran Liu Jie appointed new governor of Zhejiang
On December 18, Liu Jie, 55, was appointed as the new governor of Zhejiang province, becoming the youngest governor in China. He succeeded Wang Hao, who was elevated to the position of Zhejiang Party secretary. A bit about Liu: A… Read More »
Beijing aims to fix inefficient local investment funds
Beijing is trying to tackle issues with local government investment funds. On Tuesday, the State Council issued guidelines for reforming how local government investment funds operate. Some context: Local governments are the largest funding source for Chinese startups, accounting for roughly… Read More »