Provinces put out some targets and policies to promote consumption, industrial upgrades, and innovation.
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The whole campaign will last at least a year, and Alibaba’s large competitors will also be affected.
2020 has been defined not only by COVID-19, but also by strategic planning for the next 15 years.
Beijing has urged local governments to be more proactive in dealing with local SOE defaults.
The newly released Guideline strengthens China’s Antitrust Law by addressing major loopholes abused by tech giants.
Tax bureaus are now responsible for collecting firms’ social security payments in all provinces, though most of them do not yet verify the payments’ accuracy
A new regulation on online microlending will force Ant and other microlenders to reduce leverage ratios, but they still enjoy less regulatory oversight than banks
The Plan will double down on industrial policy and indigenous development of key strategic sectors.
Recent Chinese military drills have led many to worry that an armed conflict in the Taiwan Strait may be looming