A new infant milk formula regime, coming into force 1 January 2018, opens for registration on 1 October 2016, as Food Safety Law ramps up.
CBRC circulated draft controls on commercial banks’ wealth management products for comment in late July 2016. More ambitious than the abandoned December 2014 proposals, they show a shift in priority from spurring growth to controlling risk.
- de-bureaucratising hospitals and universities
- Youth League diminished
- Shanxi coal firms get a break
- planning for technology to transform industry
- protein power
- season of ‘psychological sanctions’
By end 2016, central agencies will clarify central-local expenditure responsibilities and launch re-centralisation pilots, before devolving many taxes locally, in the most significant fiscal shift since 1994.
South Korea moved to deploy the US’s THAAD anti-ballistic missile system, and the UNCLOS tribunal supported the Philippines against China in the South China Sea. Beijing moved to ease rising tensions, removing a missile battery from a disputed island.
- monetary policy losing traction
- securing the internet of things
- regulating land operation rights transfer markets
- community focus for aged care pilots
- rule-bending for reformers: but how?
- more aftershocks from South China Sea and THAAD
Ministry of Education (MoE) deleted hundreds of documents related to existing ‘world-class’ university programs from its website on 23 June 2016, sparking rumours that the next stage of ‘world-class 2.0’ policy is imminent.
16.1 percent of all land is polluted, announced Ministry of Land and Resources (MLR) and Ministry of Environmental Protection (MEP) in 2014. To address this, State Council issued the ‘Soil pollution prevention and control action plan’ (‘the plan’) on 31 May 2016. It complements action plans for air and water, issued in 2013 and 2015, respectively.
- IPO backlog grows to 895 firms
- Civil Code 2020 timeline called into question
- pushing innovation in batteries
- shifting hospital business models
- South China Sea arbitration reverberations
Debt-for-equity swaps between banks and struggling SOEs have been shelved, following strong resistance. Government will seek to address spiralling corporate debt with other measures, with a swap conducted between two local SOEs in Gansu a promising example.
Li Keqiang 李克强 finally moved into politically tricky SOE reform, calling for slimmer and healthier firms as Central Commission for Discipline Inspection (CCDI) censured SASAC for its failings. SASAC responded, announcing a new policy placing Party officials above boards of directors.
- robot industrial chains
- low safety standards put children in harm’s way
- fair competition, or is it?
- agriculture going global now state priority
- Xi and Putin eye Brexit
- corporate sector debt skyrockets