Tracking the Forces Reshaping the Economy
Macro
Tracking the forces shaping energy, capital and industrial change.
Macro ·
The Ministry of Ecology and Environment announced its approval decisions on environmental impact assessment reports for three construction projects between May 18 and July 12, 2026, covering the Rizhao Port transformation, a berth and liquefied tank area at Gulei Port, and the first phase of the Kumtag No.1 open-pit mine in Xinjiang.
Macro ·
The Fujian Regulatory Bureau issued a notice detailing procedures, timelines, and quality standards for the settlement audit of basic pension insurance subsidies, assigned a dedicated task force, and conducted policy training. It will use data comparison and anomaly warnings to verify indicators like insured numbers and payment amounts, and will push for rectification of any issues found.
Macro ·
The Hebei Supervision Bureau has deployed measures including political guidance, service awareness, dual online and offline review, and regulatory closure to conduct the 2025 internal control analysis for local central budget units, aiming to improve management effectiveness and fiscal science.
Macro ·
The General Offices of the CPC Central Committee and the State Council issued guidelines on improving the natural resource asset management system, setting targets for 2030 and 2035, and outlining measures on asset inventory, property rights, protection, allocation, and supervision.
Macro ·
The Ministry of Finance's Qingdao Bureau established a four-gate mechanism to implement fiscal austerity, saving about 200,000 yuan in annual travel expenses. Other measures included recovering overcharged telecom fees, switching to domestic consumables, and reducing social insurance payments.
Macro ·
The Hubei Regulatory Bureau of the Ministry of Finance, after completing the 2025 internal control evaluation and report review for administrative institutions, proposed 'Four Adherences' to urge central budget units stationed in Hubei to improve their internal control systems and fulfill their primary responsibilities for financial and accounting supervision.
Macro ·
BilibiliWorld 2026 took place at the National Exhibition and Convention Center in Shanghai, attracting 400,000 visits over three days. The Third Shanghai Dimension Roaming Month began concurrently at Wujiaochang Square, alongside the launch of the 'Roaming Realm·IP Co-creation Plan'. Interest-driven consumption is becoming a core incremental force in Shanghai's physical retail recovery.
Macro ·
The General Offices of the CPC Central Committee and the State Council have issued guidelines on improving the natural resource asset management system, setting targets to establish a more robust system by 2030 and a comprehensive system by 2035.
Macro ·
The State Council has issued the 15th Five-Year Plan for National Health to provincial governments and departments. The plan sets a target of average life expectancy reaching 80 years and a smoking rate among people aged 15 and above dropping to 20% by 2030, alongside tasks to optimize health services, strengthen safety barriers, improve the service system, foster new drivers, and advance efficient governance.
Macro ·
The State Council has approved in principle the 15th Five-Year Plan for Expanding Consumption, tasking the National Development and Reform Commission and the Ministry of Commerce with its implementation. The plan sets a target for total retail sales of consumer goods to reach around 60 trillion yuan by 2030 and outlines tasks in eight areas including service consumption, goods consumption, and new business forms.
Macro ·
On July 2, 2026, China's State Council approved the 15th Five-Year Plan for Expanding Consumption, submitted by the National Development and Reform Commission and the Ministry of Commerce. The plan sets a target of total retail sales of consumer goods reaching around 60 trillion yuan by 2030, and outlines measures to boost service consumption, upgrade goods consumption, foster new business forms, enhance purchasing power, and improve the consumption environment.
Macro ·
The State Council released the National Health 15th Five-Year Plan, setting a target of life expectancy reaching 80 years and reducing the smoking rate among those aged 15 and above to 20% by 2030, alongside measures for disease control, rehabilitation expansion, and digital health.