Tracking the Forces Reshaping the Economy
Macro
Tracking the forces shaping energy, capital and industrial change.
Macro ·
As of 3pm July 13, Typhoon Maysak had affected 827,000 people in Guigang, Guangxi, with 175,300 evacuated. Power supply restoration reached about 95%, transport over 90%, and more than half of communication base stations were operational again.
Macro ·
China's State Council issued the 15th Five-Year Plan for National Health, setting 19 key indicators including a target of 80 years for average life expectancy by 2030, and deploying 24 major tasks covering full-life-cycle health services, resource optimization, and technological innovation.
Macro ·
The State Council has approved the '15th Five-Year Plan for Expanding Consumption,' outlining measures in housing, automobiles, household income, and holiday leave. Key moves include optimizing housing supply, building 40 million charging facilities, improving income distribution, and pushing to revise paid annual leave regulations.
Macro ·
China’s State Council has approved the 15th Five-Year Plan for Expanding Consumption, which aims for total retail sales of consumer goods to reach around 60 trillion yuan by the end of the period, with a higher consumption rate and 28 key tasks across six areas.
Macro ·
Fourteen agencies including the Ministry of Civil Affairs jointly released a three-year action plan for the rehabilitative and assistive devices industry (2026-2028), setting targets for scale, structure, supply capacity, and support systems by 2028, and outlining six key tasks covering demonstration, upgrading, innovation, policies, market environment, and talent.
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.