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National Development and Reform Commission

China’s rural-urban divide, tax system weigh down economic potential, former official says

by Anas Siddiqui
China’s rural-urban divide, tax system weigh down economic potential, former official says

The third plenum of the Central Committee of China’s Communist Party, scheduled for next month, is expected to set the tone for the country’s economic policy for the next several …

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China’s exports could go from economic asset to liability as trade tensions multiply, analysts say

by Walter Watson
China’s exports could go from economic asset to liability as trade tensions multiply, analysts say

China’s reliance on exports presents a potential pitfall for economic growth this year as uncertainties multiply over trade conflicts with the US and Europe, analysts said at a forum held …

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China triples storage technology for renewable power as Tesla, CATL jump in

by Anas Siddiqui
China triples storage technology for renewable power as Tesla, CATL jump in

China’s energy storage capacity based on new technologies such as lithium-ion batteries tripled year on year in the first quarter of 2024, as tech giants like Tesla and Contemporary Amperex …

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Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

by Walter Watson
Import tariffs ‘inevitably’ making US inflation worse, China commentary says, as consumers and firms continue to foot the bill

“The US’ pursuit of anti-globalisation, decoupling and disconnection has resulted in a mismatch of global resources, as well as supply and demand, which will inevitably impose further constraints on the …

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JD.com commits US$900 million to support nationwide trade-in programme for home appliances, consumer goods

by Anas Siddiqui
JD.com commits US0 million to support nationwide trade-in programme for home appliances, consumer goods

Chinese e-commerce giant JD.com is investing more than 6.5 billion yuan (US$900 million) with partners to bolster this year’s nationwide trade-in programme for home appliances and consumer goods, part of …

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China’s steel industry risks ‘falling off a cliff’ as overcapacity concerns point to end of an era

by Walter Watson
China’s steel industry risks ‘falling off a cliff’ as overcapacity concerns point to end of an era

Prices have plunged steeply since 2021, and some steelmakers have called for output curbs, citing mounting losses and cash flow risks from overcapacity. In the future, it will be driven …

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China’s first quarter online retail sales expand, with travel sector doubling in post-Covid rebound

by Anas Siddiqui
China’s first quarter online retail sales expand, with travel sector doubling in post-Covid rebound

China’s online retail market expanded in the first quarter led by rebounds in sectors such as online travel as well as robust cross-border e-commerce trade, the country’s commerce ministry said …

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Chinese Vice-Premier He Lifeng’s growing influence on economic policy shown as former subordinate joins top finance policy body

by Ron Morgan
Chinese Vice-Premier He Lifeng’s growing influence on economic policy shown as former subordinate joins top finance policy body

Yan Pengcheng, who served under He in various roles at the National Development and Reform Commission (NDRC), has been appointed as a deputy head of the general office of the …

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China’s ‘low-altitude economy’ on the rise as southern city named focal point

by Ron Morgan
China’s ‘low-altitude economy’ on the rise as southern city named focal point

China has designated the capital city of Guangdong province, its economic powerhouse in the south, as the nexus of its unmanned equipment industry – a part of broader efforts to …

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China wants to build ‘first-class’ investment banks – but isn’t telling the industry how

by Ron Morgan
China wants to build ‘first-class’ investment banks – but isn’t telling the industry how

“The basic structure of the domestic capital market is different from that of foreign countries,” said the manager, who requested not to be named as he was not authorised to …

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