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State Council

State Council
The latest news and top stories on State Council, the highest state administrative organ and executive arm of the National People's Congress. Its primary mission involves implementing state policies, laws and managing the national economy, finances and foreign affairs. The State Council oversees various ministries and commissions, providing public services and ensuring national security.
Shoppers browse goods in a gift shop in Beijing, China on December 8. Chinese authorities have highlighted tax policy as a way to support growth amid weak demand. Photo: EPA
China economy

China’s cabinet clears path for VAT law to take effect next month

State Council approves draft regulations to implement the new law, which aims to govern China’s biggest source of tax revenue.

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China economy

Opinion | Protection of vulnerable workers must be part of China’s AI strategy

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China's economic recovery

Editorial | Hong Kong has a role to play in building a strong, unified national market

China's economic recovery

China sets sights on ‘fully tapping’ domestic market potential after policy meet

Following annual central economic work conference, leaders also pledge to stabilise property sector, fight deflation and curb cutthroat competition to counter risks.

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President Xi Jinping delivers a speech at last year’s central economic work conference. Photo: Xinhua
China’s private sector

China’s new private sector liberalisation spreads to infrastructure

Railways, nuclear reactors, oil pipelines and water networks in China are all opening up to private investors as the government seeks new ways to revive economic growth.

China’s private sector

Explaining China’s 13 measures to promote private investment

SCMP Plus annotates State Council’s 13-point plan to promote private investment in infrastructure projects, until now the domain of the country’s state-owned enterprises.

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China’s private sector

From rail to nuclear power, China taps private capital to fund major projects

Beijing unveils a slew of new measures to channel private investment into infrastructure projects ranging from hydropower to oil pipelines.

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Workers lay track for a new high-speed railway in China’s eastern Zhejiang province. China aims to encourage more private investment in major projects, including new railways and nuclear power facilities. Photo: Xinhua
US-China trade war

China, US suspend rival port fees in latest trade war thaw

Beijing also pauses sanctions on South Korean shipbuilder affiliates, while shipping industry welcomes suspended duties.

China manufacturing

China calls for faster, wider adoption of advanced tech to strengthen industry

Locked in a tech war with the US, Beijing seeks greater commercialisation of cutting-edge technologies through large-scale application.

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Artificial intelligence

Cambricon, SenseTime team up to support China’s tech self-reliance efforts

The two companies intend to promote ‘a new indigenous AI development paradigm’.

Chip designer Cambricon Technologies has a growing suite of AI processors. Photo: CFOTO/Future Publishing via Getty Images
South China Sea

Opinion | What Scarborough nature reserve plan means for South China Sea

Done badly, it would exclude and exacerbate mistrust. Done well, it could pave the way for a model of conservation in contested waters.

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A March 26 drone photo of the reefs in Scarborough Shoal, which China calls Huangyan Island and the Philippines calls Panatag Shoal. Photo: Xinhua
Artificial intelligence

Opinion | China is banking on AI as next driver of growth

By embedding AI across the economy and bureaucracy, Beijing aims to accelerate growth, boost productivity and sharpen governance capacity.

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China consumption

From tourism to healthcare, China unveils a 19-point plan to get people spending

Support and investment incentives unveiled for sectors such as tourism, sports, healthcare and culture, while visa-free access and school holidays could be enhanced.

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China’s private sector

China vows to ‘safeguard support’ for private investment, boost confidence

Private investment ‘key to stabilising employment and the economy’, State Council meeting chaired by Premier Li Qiang says.

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China’s private sector accounts for about 60 per cent of GDP and 80 per cent of urban jobs. Photo: NurPhoto via Getty Images
China economy

China sets off in pursuit of US$980 billion sports economy

Cabinet directive lists 20 measures to boost sports consumption in world’s second-largest economy by 2030.

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Students practice football skills at a primary school in Nantong, Jiangsu province, in 2021. Photo: Getty Images
China consumption

Local Chinese government stimulus pushes big spenders to dig in while dining out

Shaoxing city authorities roll out consumption-boosting measures at a time when economic growth is critical and the central government is watching closely.

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China stock market

Mainland Chinese listed firms’ first-half profit rises 2.5% to 3 trillion yuan

Of the 5,432 A-share companies, 60 per cent saw their revenue rise in the first half, while 75 per cent made a profit, data shows.

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