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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.
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Banking & finance

China’s capital injection steels banks, insurers for rough road ahead

US$54 billion recapitalisation comes amid squeeze on commercial banks’ earnings and push for insurers to bolster the liquidity of Chinese stock markets.

Shanghai

Shanghai’s computing-grid coordination marks a national first

China energy security

China’s latest nuclear reactor connects to grid, set to supply power to 1m

China’s Communist Party

Open Questions | Ex-Harvard Chinese author on why West doesn’t get China

Nie Huihua, economist trained in the West, explains why viewing China’s development through a Western lens misses the full picture.

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Illustration: Henry Wong
China energy security

As the Hormuz crisis exposes ‘fragile’ supply chains, how will China respond?

Beijing has so far managed to contain fallout from the Iran war – but policymakers are still moving to reinforce resilience.

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Electric & new energy vehicles

Beijing renews trade-in subsidy scheme amid domestic car market’s gloomy outlook

Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.

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Greater Bay Area

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

By the end of last month, China had nearly 80 C-REITs, raising a total of over US$28.3 billion, according to Cushman & Wakefield.

A view of skyscrapers from a pedestrian bridge in Shenzhen, the southern tech hub in Guangdong province. Photo: Xinhua
China’s economic stimulus

China has a new 500 billion yuan ‘financial instrument’. How will it be used?

Beijing created the special financing tool to turbocharge domestic innovation and help the economy ride out the trade war.

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China manufacturing

China’s regulators step up efforts to cool down industry price wars

Policy paper outlines key measures, including possible cost investigations and price inspections.

China’s economic stimulus

China backs Three Gorges megaproject, hot on heels of giant Tibet dam

Investment in infrastructure is likely to continue but structural reforms needed to unleash consumer spending, analyst says.

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Ships sail in the Xiling Gorge of the Three Gorges of the Yangtze River in Yichang city, Hubei province, China, on May 5, 2024. Photo: Future Publishing via Getty Images
Artificial intelligence

Chinese start-up joins NetDragon-owned Cherrypicks to push AI tech overseas

This venture shows China’s AI ‘go-global’ strategy converging with Hong Kong’s innovation focus, NetDragon vice-chairman Simon Leung says.

The collaboration between Zhongke WengAI and Cherrypicks is expected to further cement Hong Kong’s innovation hub status. Photo: Shutterstock
China’s private sector

From AI to chips: China courts private tech firms to help drive next 5-year plan

Businesses in emerging sectors tapped to help shape innovation-led 2026-2030 strategy, analysts say.

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China’s private sector

How does Beijing’s new market access negative list help private firms?

NDRC reduces number of areas in which restrictions apply from 117 to 106.

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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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
Apple

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

China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.

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China’s new subsidy scheme puts Apple and other foreign premium smartphone vendors at a disadvantage against domestic rivals. Photo: Shutterstock
China's economic recovery

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

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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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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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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After a press conference from China’s top economic planner that did not include major stimulus action, markets dialed back their enthusiasm. Photo: Eugene Lee
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.

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.

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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Government authorities in March announced a plan to boost domestic consumption by encouraging consumers to trade in and upgrade their home appliances and vehicles. Photo: Shutterstock
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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Beijing’s push to protect the legitimate interests of entrepreneurs and private business should be hailed as a positive change, compared with the situation a few years ago. Image: Shutterstock
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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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.

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’s Project GW satellite programme - which aims to put 13,000 satellites in orbit - was launched by the National Development and Reform Commission, says aerothermal expert Qu Wei. Image: Shutterstock/Nasa
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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The strong endorsement from China’s Politburo Standing Committee, the country’s highest policymaking body, underscores Beijing’s resolve to enable Big Tech companies to resume their growth trajectory. Image: Shutterstock
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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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.

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