National People's Congress
China’s rubber-stamp parliament, the National People’s Congress (NPC), wraps up on Monday, capping what is expected to be the biggest government reshuffle in a decade after setting a modest target for annual economic growth. Coming months after President Xi Jinping secured a norm-breaking third term as supreme leader, the sessions will further consolidate his authority […]<
China will form a new national financial regulatory body, consolidating oversight and replacing its banking and insurance watchdog as part of a wider government overhaul announced on Tuesday that includes plans for a national data bureau. The financial regulation proposal, presented to China’s parliament during its annual meeting, would bring supervision of the industry, excluding […]
BREAKING NEWS
China will restructure its science and technology ministry to channel more resources to achieving important breakthroughs, with the goal of moving faster towards self-reliance, according to a State Council plan submitted to parliament on Tuesday. The restructuring of the central government ministry was included in a reform plan of state institutions that the State Council, […]
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]
