China sets new rules for outbound investment.
Today's events
Outbound investment rules.
China issued binding rules governing overseas investment, creating a national-security review and powers to retaliate against foreign states that discriminate against Chinese investors.1Jun 1 · State CouncilFuture industries.
Xi's speech republished in Qiushi June 1 names quantum, fusion, brain-computer interface and embodied intelligence as China's priority frontier industries for the next plan.2Jun 1 · QiushiTrade-secret rules.
New rules taking effect today add data and algorithms to protected trade secrets, and extend liability to overseas theft that disrupts China's market.3Jun 1 · Market regulatorFactory activity.
May manufacturing index fell to 50.0, the neutral line, as new orders contracted; large firms expanded while small and mid-sized factories shrank.4May 31 · Stats BureauIndustrial profits.
Profits at large industrial firms rose 18.2% in the first four months, led by electronics and nonferrous metals, while carmakers' earnings fell 16.8%.5May 27 · Stats BureauPowering AI.
Energy administration said computing centers used 170 billion kilowatt-hours in 2025 — 1.6% of national power — and projected that to reach 6% by 2030.6May 26 · Energy Admin.Offshore wind.
China shipped out the world's largest offshore converter station, a football-field-sized platform routing roughly 6 billion kilowatt-hours of deep-sea wind power yearly to the grid.7May 29 · Energy Admin.Urban renewal plan.
The State Council issued its 15th Five-Year urban-renewal plan, steering cities from new building toward upgrading aging housing, districts and infrastructure.8May 22 · State CouncilAI lab tool.
Chinese Academy of Sciences certified the world's first fully autonomous electron microscope, which runs unmanned and analyzes samples about 300 times faster than people.9May 24 · Academy of Sciences
Voices
“Central enterprises are the national team of scientific innovation, and they should also become the main force of future industries.”
Xi Jinping, in Qiushi · Jun 12
“Whether it is ‘de-risking,’ ‘reducing dependence,’ or so-called ‘trade balance,’ these are in reality protectionism.”
MFA Spokesperson Mao Ning · May 2810
“Trade secrets are an enterprise's core intellectual property, a cornerstone supporting industrial security and the growth of new quality productive forces.”
Market-regulation official, on trade-secret rules · Jun 13
“We expect computing-power electricity use nationwide to grow by over 100 billion kilowatt-hours a year, reaching 800 billion by 2030.”
NEA Director Wang Hongzhi · May 266
“We do not fear the rising winds and waves; we wish only for calm seas.”
Defense Ministry Spokesperson Jiang Bin · May 2811
“China is firmly opening its financial sector and welcomes financial institutions from all countries, including France, to deepen their presence in the Chinese market.”
PBOC Governor Pan Gongsheng · May 2512
Sources
- State Council, “Regulations on Outbound Investment” (State Council Order No. 837, signed May 5, 2026; effective July 1, 2026). gov.cn/zhengce/…/outbound-investment-regulations
- Qiushi / Xi Jinping, “Forward-looking Layout and Development of Future Industries,” Qiushi Issue 11, June 1, 2026. cac.gov.cn/…/xi-future-industries
- State Administration for Market Regulation, “Provisions on the Protection of Trade Secrets” (effective June 1, 2026), May 29, 2026. samr.gov.cn/…/trade-secret-provisions
- National Bureau of Statistics, “Purchasing Managers' Index for May 2026,” May 31, 2026. stats.gov.cn/…/may-2026-pmi
- National Bureau of Statistics, “Profits of Industrial Enterprises Above Designated Size Up 18.2% in January–April 2026,” May 27, 2026. stats.gov.cn/…/jan-apr-industrial-profits
- National Energy Administration, “National Computing Centers Consumed 170 Billion kWh Last Year,” May 2026. nea.gov.cn/…/computing-power-electricity
- National Energy Administration, “World's Largest Offshore Converter Station ‘Heart of the Sea Wind’ Officially Shipped,” May 29, 2026. nea.gov.cn/…/offshore-converter-station
- State Council, “Notice on Issuing the Urban Renewal 15th Five-Year Plan” (Guofa [2026] No. 12), May 22, 2026. gov.cn/zhengce/…/urban-renewal-15th-five-year-plan
- Chinese Academy of Sciences, “World's First Intelligent Transmission Electron Microscope ‘Aeye’ Passes Appraisal,” May 26, 2026. cas.cn/…/intelligent-electron-microscope
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Mao Ning's Regular Press Conference,” May 28, 2026. mfa.gov.cn/…/mao-ning-may-28
- Ministry of National Defense, “Defense Ministry Regular Press Conference (Spokesperson Jiang Bin),” May 28, 2026. mod.gov.cn/…/jiang-bin-may-28
- People's Bank of China, “PBOC Governor Pan Gongsheng Meets Banque de France Governor Villeroy de Galhau,” May 25, 2026. pbc.gov.cn/…/pan-gongsheng-banque-de-france