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National Development and Reform Commission

National Development and Reform Commission
The latest news, analysis and opinion on National Development and Reform Commission. In-depth analysis, industry insights and expert opinion.
Workers check solar panels at a solar power station on a factory roof in Changxing, eastern China’s Zhejiang province in 2012. Like many other sectors in China, the solar industry has become a global powerhouse but faces headwinds from punitive tariffs abroad to a brutal price war at home. Photo: AP
China economy

Opinion | China will rein in vicious competition at the root of its overcapacity

New reforms for a unified national market, including addressing unfair competition, will rein in unchecked competition and the damage it is causing.

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Apple

Apple’s pricey iPhones ineligible under China’s new subsidy scheme

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China's economic recovery

Olive branch from Beijing to private firms: more access to national projects

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China's economic recovery

China’s space for fiscal stimulus could be limited amid debt woes: analysts

For maximum effect, observers say, a fiscal expansion to boost China’s economy will need to come soon if it is to come at all.

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A fiscal expansion to boost China’s economy is viewed by many analysts as necessary, but room to execute such a change is limited. Photo: Bloomberg
China's economic recovery

China sets upbeat tone after meetings despite lack of supercharged stimulus

Growth and positive momentum top China’s economic agenda after closely watched conference, premier’s meeting with entrepreneurs.

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Social media

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

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Banking & finance

China’s NDRC urges firms to use Hong Kong for financing needs

Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.

General view of Hong Kong from HKMA headquarters at IFC, Central. Photo: May Tse
E-commerce

JD.com pledges US$900 million for appliances, consumer goods trade-in programme

About 20 million consumers on the mainland are expected to take part in the nationwide trade-in programme via JD.com’s platform.

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China economy

Opinion | China must rely on rule of law to spur growth in nation’s private sector economy

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

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Communist Party politics

Why China’s new data agency shows ambitions to develop digital economy and AI

The National Data Administration debuts as Beijing seeks to outpace the US and other Western rivals in setting norms and standards for data governance and artificial intelligence.

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Illustration: Henry Wong
China technology

China’s Big Tech firms in expansion mode after Beijing’s positive policy shift

The reinvigorated state of the tech sector is reflected in the recruitment efforts of several large firms, including Alibaba, ByteDance and Meituan.

E-commerce giant Alibaba Group Holding has pledged to hire 15,000 new employees in 2023, reflecting the reinvigorated state of China’s tech industry on the back of fresh support from Beijing. Photo: Bloomberg
Science

‘Forging ahead’: China boosts its Project GW satellite rival to Starlink

China’s satellites likely to be placed in orbits lower than US counterparts ‘to minimise collision risks and maintain safe distances’, expert writes in CPPCC Daily

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China technology

China’s Politburo signals fresh support for country’s Big Tech companies

The Hang Seng Tech Index, representing the 30 largest technology firms listed in Hong Kong, surged 6 per cent on Tuesday in response to the pro-growth message of China’s highest policymaking body.

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Two Sessions 2023

China’s National Data Bureau to help streamline regulation of digital economy

Having one regulator oversee key aspects of data governance in China is expected to benefit both local and international businesses.

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China’s proposed National Data Bureau will be responsible for regulating the country’s digital economy and implementing a national big data strategy, including infrastructure. Photo: Shutterstock
E-commerce

Chinese online shopping surges on back of Lunar New Year holiday demand

Sales of nianhuo, Lunar New Year specialities, rose 30 per cent year on year on Alibaba shopping platforms Tmall and Taobao during the period from January 1 to 16.

Alibaba Group Holding expects Lunar New Year online retail sales to rise further over the next few days. Photo: Shutterstock
Commodities

China to crack down on iron ore price gouging as market rallies

China’s top economic planner will tighten supervision of iron ore pricing after the steelmaking ingredient’s surge in recent months.

China technology

China’s data market development to help achieve ‘common prosperity’

China’s data trading initiative is expected to bring new opportunities that will allow people to share the benefits of the country’s digital economy.

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Shenzhen

Shenzhen creates new international trading exchange for chips, electronics

Shenzhen’s Electronic Components and Integrated Circuits International Trading Centre, based in the city’s Qianhai economic zone, has an initial capitalisation of US$304 million.

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The trading centre’s biggest shareholders are telecommunications equipment maker China Electronics Corp and local government fund Shenzhen Investment Holdings. Photo: Shutterstock
Cybersecurity

China imposes national security review on data deals involving foreign capital

The review requirement reflects Beijing’s efforts to tighten cross-border data flows and safeguard what it considers as sensitive information.

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China GDP

China touts ‘significant’ GDP rebound, despite gloomy forecasts

China’s economic performance has been ‘outstanding’ from a global point of view and growth ‘rebounded significantly’ in the third quarter, says the nation’s top economic planning agency.

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Autonomous vehicles

China gives green light for autonomous public transport services

Autonomous buses will be allowed to operate in closed routes, while self-driving taxis would run on roads with controlled traffic conditions, according to the transport ministry’s draft guidelines.

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Passengers get off a Level 4 autonomous driving bus developed by Baidu on April 16, 2021 in Chongqing, southwest China. Photo: VCG via Getty Images
Energy diplomacy

China in ‘critical stage’ for energy security as Ukraine war ramps up risks

China’s 14th five-year plan for energy stresses independence and import diversification, but cooperation with Russia is tipped to grow following international isolation over its invasion of Ukraine.

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Workers inspect an oil well at Jidong Oilfield in north China’s Hebei Province. Photo: Xinhua
Renewable energy

China sets green hydrogen targets as part of zero emissions push

China aims to establish a complete hydrogen industry covering transport, energy storage and industry, and raise the portion of the gas in its energy mix by 2035, according to plans released on Wednesday.

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Two Sessions 2022

China’s blueprint for national computing network takes the spotlight at political gathering

Delegates at the ‘two sessions’ political gathering have made various suggestions as to how China should build the mega network.

Business of climate change

China to cut costs of energy storage systems to leapfrog the world

Energy storage is a key part of the Chinese government strategy to decarbonise the energy system and put the world’s second-largest economy on the path to achieve carbon neutrality by 2060

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Solar panels arranged to resemble the likeness of a giant panda at the Datong Panda Power Plant in northern China’s Shanxi province on 25 July 2017. Photo: EPA
Meituan

Meituan, Ele.me, other on-demand delivery firms face dim prospects amid Beijing scrutiny

Beijing’s directive for on-demand delivery providers to cut the fees they charge restaurants has a put a cap on their profit margins, analysts say.

Meituan lost about 20 per cent of its market value over the past two trading days since the National Development and Reform Commission issued its directive on cutting commission fees. Photo: Shutterstock
Semiconductors

China to build global sourcing platform for semiconductors in Shenzhen

The strategy is expected to advance China’s hi-tech self-sufficiency drive amid a race between Beijing and Washington to overcome the global chip shortage.

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China property

After giving borrowers a scolding, China vows faster fund transfers

Investors of China’s offshore debt are nervously watching for Beijing’s signals in handling the US$232 billion of offshore bonds, promissory notes and other financial instruments issued by highly leveraged developers.

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