China is stepping up its regulatory oversight on market concentration with the introduction of new discretionary guidelines for administrative penalties related to mergers and acquisitions.
The Chinese government has introduced significant revisions to the Regulations on Guaranteeing Payment of Funds to Small and Medium-Sized Enterprises (SMEs), aimed at addressing long-standing challenges related to delayed payments. Effective June 1, 2025, these changes reflect China’s commitment to fostering a fairer business environment, improving cash flow for SMEs, and enhancing financial discipline among large enterprises and government entities.
At the 2025 China Development Forum, Minister of Finance Lan Fo’an outlined China’s fiscal policy strategy, emphasizing a more proactive and coordinated approach to ensure economic stability and long-term growth. With a deficit rate of 4%, a fiscal deficit of 5.66 trillion yuan, and public budget expenditures reaching 29.7 trillion yuan, the government’s policy framework is designed to boost consumption, stimulate investment, support innovation, and manage financial risks.
Tax policy plays a significant role in shaping economic development, particularly in fostering scientific and industrial innovation. As China continues to refine its fiscal strategies, tax incentives are being adjusted to support technological advancements and industrial modernization.
The 2025 China Development Forum (CDF), held on March 23 in Beijing, provided significant insights into China’s economic priorities and policy directions. Government officials from key institutions, including the Central Financial and Economic Commission, the Ministry of Industry and Information Technology, and the Ministry of Finance, …
China is taking significant steps to enhance its trade policy compliance, aligning with international rules while fostering a competitive and transparent business environment. The recently issued Opinions on Further Strengthening Trade Policy Compliance by the General Office of the State Council underscores this commitment.
As China continues its transition toward a low-carbon economy, the National Development and Reform Commission (NDRC) and other government agencies have issued the Opinions on Promoting the High-Quality Development of the Renewable Energy Green Electricity Certificate Market.
On May 1, 2025, China’s Provisions on the Handling of Foreign-Related Intellectual Property Disputes will officially take effect. These regulations, introduced by the State Council, represent a significant step in reinforcing intellectual property (IP) protection, ensuring businesses can navigate foreign-related IP disputes effectively while safeguarding national interests.
As China navigates a complex global economic environment, its 2025 fiscal policy has taken on a more proactive and strategic role in ensuring both short-term recovery and long-term growth. With rising uncertainties in global trade, investment, and market conditions, the latest Government Work Report introduces a more active fiscal policy, aimed at stimulating demand, supporting key industries, and strengthening public services.
China Further Adjusts Regulations for Optimizing Domestic Production of Imported Medical Devices China’s National Medical Products Administration (NMPA) recently issued
