The 2026 Lujiazui Forum placed capital market reform within a broader shift in how firms are financed. Corporate bond net financing reached just over C¥2 tn in H1 2026, up almost 80 percent from a year earlier, while new lending to firms slipped by almost 4 percent to just over C¥11 tn.
economy
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11 Aug 2026
Weakening demand for NEVs, continued production growth and a prolonged price war have put sustained pressure on industry margins. Beijing's concern about this predates the anti-involution campaign. Premier Li Qiang 李强 warned about the risks of 'involution' in June 2024. The Politburo followed the next month, summoning automaker executives over below-cost pricing. Even so, the competition continued.
economy
R&D
energy
environment & carbon neutrality
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06 Aug 2026
Beijing is recasting farm resilience as a capacity task. Grain output still sets the floor. The harder test is whether farmland, water, labour, local services, storage, logistics and markets can hold up when shocks hit.
food & agriculture
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29 Jul 2026
Clinical trials tell you whether a drug works in ideal conditions. Real-world data (RWD) tells you whether it works on actual patients over time, and Beijing has decided it needs the second kind of evidence, and is building the infrastructure to collect it at scale. Since 2013, RWD has expanded beyond the handful of pilot zones used to fast-track drug registration.
health & aged care
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14 Jul 2026
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Beijing swaps credit quotas for market rules
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what's Beijing's response to NEV involution?
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beyond the harvest, toward resilience
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building real-world evidence for drugs
monitoring
recent commentary
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growth modelsupply-side reformconsumptioncentral budgetlocal budgetinvestment fundstax systemVATincome taxconsumption taxstrategic and emerging industriesSMEstraditional industry...read more03 Aug 2026
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nuclearcarbon neutrality...read more31 Jul 2026
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food standardstraceabilityfood safety strategyfood security strategyfood consumptiondairysugarpoulty/eggs...read more30 Jul 2026
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energy transitionUS/CanadaMiddle Eastgreen tech...read more29 Jul 2026
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Ma XiaoweiScience and Health Committee deputy director National Health Commission (NHC)
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