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National Development and Reform Commission

National Development and Reform Commission
The latest news, analysis and opinion on National Development and Reform Commission. In-depth analysis, industry insights and expert opinion.
A BYD electric car at an exhibition in Shanghai. Buyers of an electric vehicle for replacement purposes would get a subsidy equivalent to 12 per cent of the newly bought car’s price. Photo: AFP
Electric & new energy vehicles

Beijing renews trade-in subsidy scheme amid domestic car market’s gloomy outlook

Buyers who replace their petrol and electric cars with new vehicles will receive a cash subsidy of up to US$2,858 per unit.

Greater Bay Area

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

China’s economic stimulus

Explainer | China has a new 500 billion yuan ‘financial instrument’. How will it be used?

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China manufacturing

China’s regulators step up efforts to cool down industry price wars

Policy paper outlines key measures, including possible cost investigations and price inspections.

An employee works on photovoltaic cell modules at an export-focused factory n Lianyungang, Jiangsu province, last month. Photo: AFP
China’s economic stimulus

China backs Three Gorges megaproject, hot on heels of giant Tibet dam

Investment in infrastructure is likely to continue but structural reforms needed to unleash consumer spending, analyst says.

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Artificial intelligence

Chinese start-up joins NetDragon-owned Cherrypicks to push AI tech overseas

This venture shows China’s AI ‘go-global’ strategy converging with Hong Kong’s innovation focus, NetDragon vice-chairman Simon Leung says.

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China’s private sector

From AI to chips: China courts private tech firms to help drive next 5-year plan

Businesses in emerging sectors tapped to help shape innovation-led 2026-2030 strategy, analysts say.

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People visit the 34th Harbin International Economic and Trade Fair in Harbin, capital of northeast China’s Heilongjiang Province, May 19, 2025. The fair showcased cutting-edge technologies such as autonomous driving, commercial satellites and humanoid robots from over 100 tech firms. Photo: Xinhua
China’s private sector

Explainer | How does Beijing’s new market access negative list help private firms?

NDRC reduces number of areas in which restrictions apply from 117 to 106.

China economy

Opinion | China will rein in vicious competition at the root of its overcapacity

New reforms for a unified national market, including addressing unfair competition, will rein in unchecked competition and the damage it is causing.

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Apple

Apple’s pricey iPhones ineligible under China’s new subsidy scheme

China’s latest stimulus measure offers a 15 per cent subsidy for purchases of smartphones, tablets and smartwatches.

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China’s new subsidy scheme puts Apple and other foreign premium smartphone vendors at a disadvantage against domestic rivals. Photo: Shutterstock
China's economic recovery

Olive branch from Beijing to private firms: more access to national projects

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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Researchers work in a laboratory at Ocean University of China in Qingdao, Shandong province, this month. Photo: Xinhua
China's economic recovery

China’s space for fiscal stimulus could be limited amid debt woes: analysts

For maximum effect, observers say, a fiscal expansion to boost China’s economy will need to come soon if it is to come at all.

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China's economic recovery

China sets upbeat tone after meetings despite lack of supercharged stimulus

Growth and positive momentum top China’s economic agenda after closely watched conference, premier’s meeting with entrepreneurs.

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Social media

My Take | China’s stock-market frenzy reflects social media’s growing sway over investors

The current investor euphoria has been aroused by the proliferation of upbeat short-video posts on Chinese social media.

What is unfolding could well be the nation’s first bull run in the era of ubiquitous short-video sharing in Chinese social media. Photo: Bloomberg
Banking & finance

China’s NDRC urges firms to use Hong Kong for financing needs

Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.

General view of Hong Kong from HKMA headquarters at IFC, Central. Photo: May Tse
E-commerce

JD.com pledges US$900 million for appliances, consumer goods trade-in programme

About 20 million consumers on the mainland are expected to take part in the nationwide trade-in programme via JD.com’s platform.

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China economy

Opinion | China must rely on rule of law to spur growth in nation’s private sector economy

The Chinese leadership’s advocacy for measures to support and spur growth in the private sector economy intensified in 2023, but the protection of private firms’ assets and rights remain a concern.

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Communist Party politics

Why China’s new data agency shows ambitions to develop digital economy and AI

The National Data Administration debuts as Beijing seeks to outpace the US and other Western rivals in setting norms and standards for data governance and artificial intelligence.

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Illustration: Henry Wong
China technology

China’s Big Tech firms in expansion mode after Beijing’s positive policy shift

The reinvigorated state of the tech sector is reflected in the recruitment efforts of several large firms, including Alibaba, ByteDance and Meituan.

Science

‘Forging ahead’: China boosts its Project GW satellite rival to Starlink

China’s satellites likely to be placed in orbits lower than US counterparts ‘to minimise collision risks and maintain safe distances’, expert writes in CPPCC Daily

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China technology

China’s Politburo signals fresh support for country’s Big Tech companies

The Hang Seng Tech Index, representing the 30 largest technology firms listed in Hong Kong, surged 6 per cent on Tuesday in response to the pro-growth message of China’s highest policymaking body.

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The strong endorsement from China’s Politburo Standing Committee, the country’s highest policymaking body, underscores Beijing’s resolve to enable Big Tech companies to resume their growth trajectory. Image: Shutterstock
Two Sessions 2023

China’s National Data Bureau to help streamline regulation of digital economy

Having one regulator oversee key aspects of data governance in China is expected to benefit both local and international businesses.

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China’s proposed National Data Bureau will be responsible for regulating the country’s digital economy and implementing a national big data strategy, including infrastructure. Photo: Shutterstock
E-commerce

Chinese online shopping surges on back of Lunar New Year holiday demand

Sales of nianhuo, Lunar New Year specialities, rose 30 per cent year on year on Alibaba shopping platforms Tmall and Taobao during the period from January 1 to 16.

Commodities

China to crack down on iron ore price gouging as market rallies

China’s top economic planner will tighten supervision of iron ore pricing after the steelmaking ingredient’s surge in recent months.

China technology

China’s data market development to help achieve ‘common prosperity’

China’s data trading initiative is expected to bring new opportunities that will allow people to share the benefits of the country’s digital economy.

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Data exchanges have already been launched in major cities across China. Photo: Shutterstock
Shenzhen

Shenzhen creates new international trading exchange for chips, electronics

Shenzhen’s Electronic Components and Integrated Circuits International Trading Centre, based in the city’s Qianhai economic zone, has an initial capitalisation of US$304 million.

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The trading centre’s biggest shareholders are telecommunications equipment maker China Electronics Corp and local government fund Shenzhen Investment Holdings. Photo: Shutterstock
Cybersecurity

China imposes national security review on data deals involving foreign capital

The review requirement reflects Beijing’s efforts to tighten cross-border data flows and safeguard what it considers as sensitive information.

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China GDP

China touts ‘significant’ GDP rebound, despite gloomy forecasts

China’s economic performance has been ‘outstanding’ from a global point of view and growth ‘rebounded significantly’ in the third quarter, says the nation’s top economic planning agency.

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