Xi hosts Cambodia and Bangladesh in Beijing.
Today's events
Procurement-law overhaul.
The national legislature gave a first reading to a rewritten Government Procurement Law targeting bid-rigging, predatory low-price bidding, and rent-seeking.2Jun 23 · NPCRenewable-power mandate.
Central planners and the energy administration set binding renewable-power quotas for provinces and heavy industry from August 1, for the first time counting non-electricity use.3Jun 22 · NEAFinancial law drafted.
The legislature reviewed China's first overarching Financial Law, a foundational statute embedding Party leadership over finance, a modern central-bank system, and stronger systemic-risk safeguards.4Jun 23 · NPCEmergency-response plan.
The State Council issued its 15th Five-Year Plan for emergency management, shifting disaster governance toward prevention-first and folding artificial intelligence into national command systems.5Jun 23 · State CouncilUnified-market push.
A vice premier and six ministers answered legislators' questions on building a single national market, pledging a “negative list” to curb illegal local subsidies.6Jun 24 · NPCHenan official expelled.
The Party's anti-corruption body expelled a former Henan advisory-body chairman, Kan Quancheng, from the Party and public office for bribery in drug procurement.7Jun 24 · CCDITaiwan drills rebuffed.
The defense ministry accused Taiwan's governing party of “deliberately manufacturing tension” by timing combat drills to a U.S.–Japan exercise.8Jun 25 · Defense Min.Central bank meets Citi.
Central-bank governor Pan Gongsheng met Citigroup's chairman and chief executive to discuss the global economy, China's macro policy, and China–U.S. trade.9Jun 25 · PBOC
This week
Xi visits Pyongyang.
Xi held talks with Kim Jong Un on June 23, his first visit to North Korea in seven years, timed to the China–North Korea friendship treaty's 65th anniversary, and proposed a four-point plan to deepen ties. The trip opened a week of intensive neighborhood diplomacy, with the leaders of Laos, Cambodia, and Bangladesh also received in Beijing. First surfaced in the June 23–24 dailies.1Jun 23 · State CouncilFirst financial law.
China's legislature gave a first reading on June 24 to the country's first comprehensive Financial Law, a foundational statute meant to unify banking, insurance, and securities oversight, embed Party leadership over finance, and strengthen systemic-risk safeguards. It arrived alongside a rewrite of the government procurement law and a drive to finish a single national market — a burst of foundational economic lawmaking tied to the new five-year-plan period. From the June 25 daily.2Jun 24 · NPCWind and solar pass coal.
The energy administration declared the national unified electricity market "initially built" and reported wind and solar capacity reaching 1.84 billion kilowatts, overtaking coal for the first time, in its 2025 electricity report (June 18). Days later, central planners set binding renewable-power quotas for provinces and heavy industry from August 1, for the first time counting non-electricity use. From the June 21 and 26 dailies.3Jun 18 · NEASingle national market.
Top legislators held a special inquiry on building one domestic market, with a vice premier and six ministers pledging a "negative list" to curb illegal local subsidies. Central planners reported the framework "basically built," with the market-access blacklist trimmed to 106 items. The campaign against local protectionism ran through most of the week's dailies. From the June 24–26 dailies.4Jun 24 · NPCJobs-first five-year plan.
The State Council issued its Employment-First Strategy for the 15th Five-Year Plan (June 18), making "high-quality full employment" a national priority and vowing that every "zero-employment" household keeps at least one earner working. The plan, which recurred in the brief every day this week, names graduates, migrant workers, and gig-economy labor as focus groups and acknowledges persistent structural job strains. From the June 20 daily.5Jun 18 · State CouncilProduction up, demand soft.
May data showed industrial output up 4.5 percent and high-tech manufacturing up 15.1 percent, while retail sales fell 0.6 percent and property investment dropped 16.2 percent from a year earlier (June 16). Finance-ministry figures released the same week showed January–May land-sale revenue down nearly 29 percent and government-fund revenue off 19 percent, squeezing local-government budgets. From the June 20–24 dailies.6Jun 16 · Stats Bureau
Voices
“We led the Chinese people from poverty and weakness onto the path of Chinese modernization by upholding independence and self-reliance — keeping our nation's destiny firmly in our own hands.”
Xi Jinping, meeting Bangladesh's prime minister · Jun 261
“Bringing non-electricity use into the assessment will spur demand, drive earlier scale-up, and underpin a new energy system and a strong energy nation.”
China's energy administration, on the renewable-power rules · Jun 223
“This revision targets the prominent problems in government procurement — building fair competition, eliminating the institutional space for rent-seeking, and a mechanism that makes corruption impossible.”
Hao Peng, National People's Congress finance committee · Jun 232
“Despite repeated central directives, illegal local subsidies persist in some places — a glaring bottleneck holding back construction of a unified national market.”
Finance Minister Lan Foan, at a legislative hearing · Jun 246
“China consistently opposes illegal unilateral sanctions that have no basis in international law, and urges the United States to immediately end its blockade of Cuba.”
MFA Spokesperson Guo Jiakun · Jun 2511
“The Democratic Progressive Party authorities deliberately manufacture tension and escalate cross-Strait confrontation — it wins no hearts. Relying on drills for courage buys no real security.”
Defense Ministry Spokesman Zhang Xiaogang · Jun 258
Sources
- State Council (gov.cn), “Xi Jinping Meets Bangladesh Prime Minister Tarique” (习近平会见孟加拉国总理塔里克), June 26, 2026. gov.cn/yaowen/…/xi-meets-bangladesh-pm
- National People's Congress, “China to Revise the Government Procurement Law, Closing the Space for Rent-Seeking” (中国拟修改政府采购法 消除设租寻租制度空间), June 23, 2026. npc.gov.cn/…/government-procurement-law-revision
- National Energy Administration, “Implementation Measures for Renewable-Energy Consumption Responsibility Issued” (压实可再生能源消纳和消费责任 实施办法出台), June 22, 2026. nea.gov.cn/…/renewable-consumption-measures
- National People's Congress, “Improving the Basic Financial Legal System (Financial Law Draft Reviewed)” (完善金融基本法律制度), June 23, 2026. npc.gov.cn/…/financial-law-draft
- State Council (gov.cn), “Notice on Issuing the 15th Five-Year Plan for a Modernized Emergency-Management System” (现代化应急体系建设“十五五”规划), June 23, 2026. gov.cn/zhengce/…/emergency-system-15th-five-year-plan
- National People's Congress, “Pushing the Building of a Unified National Market Deeper (Special Inquiry)” (推动全国统一大市场建设向纵深推进), June 24, 2026. npc.gov.cn/…/unified-national-market-inquiry
- CCDI / National Supervisory Commission, “Kan Quancheng, Former Chairman of a Henan CPPCC Committee, Expelled from the Party and Public Office” (阚全程被开除党籍和公职), June 24, 2026. ccdi.gov.cn/yaowenn/…/kan-quancheng-shuangkai
- Ministry of National Defense, “DPP Authorities' Deliberate Manufacturing of Tension Wins No Hearts” (民进党当局蓄意制造紧张不得人心), June 25, 2026. mod.gov.cn/…/press-briefing-cross-strait
- People's Bank of China, “Governor Pan Gongsheng Meets Citigroup Chairman and CEO Jane Fraser” (潘功胜会见花旗集团董事会主席兼首席执行官范洁恩), June 26, 2026. pbc.gov.cn/…/pan-gongsheng-meets-citigroup
- State Council (gov.cn), “Xi Jinping Meets Cambodian People's Party President and Senate President Hun Sen” (习近平会见柬埔寨人民党主席、参议院主席洪森), June 26, 2026. gov.cn/yaowen/…/xi-meets-hun-sen
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun's Regular Press Conference” (外交部发言人郭嘉昆主持例行记者会), June 25, 2026. mfa.gov.cn/…/press-conference-2026-06-25