China formalizes Xi Jinping's Party-building doctrine.
Today's events
Party-building doctrine.
The Party's central leadership group issued a Qiushi notice on June 18 formally establishing “Xi Jinping Thought on Party Building” as doctrine.1Jun 18 · QiushiEast-west cooperation.
Xi issued an instruction to make cross-regional cooperation routine, hold the line against large-scale relapses into poverty, and push common prosperity forward.2Jun 17 · State CouncilJobs five-year plan.
The State Council issued its 2026–2030 employment-first plan, vowing to keep at least one earner in every jobless family and adapt hiring to artificial intelligence.3Jun 18 · State CouncilFarm modernization plan.
A separate State Council five-year plan targets grain security and “agricultural new quality productive forces,” aiming to basically modernize farming and rural life by 2035.4Jun 18 · State CouncilOffshore yuan opening.
At the Lujiazui Forum, the central bank governor launched an offshore-yuan pilot in Shanghai and a plan to build the city into an offshore-finance hub.5Jun 18 · Central BankData-security rules.
The internet regulator, with the industry and police ministries, published measures requiring annual risk assessments by handlers of “important data,” effective August 20.6Jun 18 · Cyberspace AdminMay activity data.
Industrial output rose 4.5% in May while retail sales fell 0.6% from a year earlier, signaling soft household demand.7Jun 16 · Stats BureauPlatform antitrust.
The market regulator published its first algorithm-focused antitrust case, ordering freight app Lalamove to adopt transparent pricing and lower commissions to curb “involution-style” competition.8Jun 18 · Market RegulatorNational power market.
The energy administration declared a unified national power market “initially built,” as coal-fired generation fell for the first time in a decade.9Jun 18 · Energy Admin
Voices
“We must firmly hold the line against any large-scale return to poverty, steadily advance all-round rural revitalization, and take solid steps toward common prosperity for all the people.”
Xi Jinping, instruction on east-west cooperation · June 172
“Upholding comprehensive and strict governance over the Party is the strategic guideline for Party building in the new era.”
Central Party-Building Leadership Group, notice in Qiushi · June 181
“‘Slower but higher-quality’ credit growth may well become one of the new normals of macroeconomic operation.”
Pan Gongsheng, central bank governor, Lujiazui Forum · June 185
“The national economy maintained its overall steady momentum, trending toward new strengths and higher quality.”
National Bureau of Statistics, May data release · June 167
“A platform's technological and scale advantages are by no means a monopoly privilege; its algorithms and traffic must not become tools for manufacturing involution or undermining fair competition.”
Market regulator, commentary on the Lalamove case · June 188
“In 2025, the national unified electricity-market system reached, on schedule, the key milestone of being initially built.”
2025 China Electricity Market Development Report, National Energy Administration · June 189
Sources
- Qiushi, “Central Party-Building Leadership Group Issues Notice on Studying and Implementing Xi Jinping Thought on Party Building,” June 18, 2026. qstheory.cn/…/xi-jinping-thought-on-party-building
- State Council (Xinhua), “Xi Jinping Issues Important Instruction on Normalizing East-West Cooperation,” June 17, 2026. news.cn/politics/leaders/…/east-west-cooperation
- State Council, “Notice on Issuing the Plan for Implementing the Employment-First Strategy (15th Five-Year Plan),” June 18, 2026. gov.cn/zhengce/…/employment-first-15th-five-year-plan
- State Council, “Notice on Issuing the Plan for Accelerating Agricultural and Rural Modernization (15th Five-Year Plan),” June 18, 2026. gov.cn/zhengce/…/agricultural-rural-modernization-plan
- People's Bank of China, “Governor Pan Gongsheng's Keynote at the 2026 Lujiazui Forum: The Transformation of China's Financial Structure and Financial Market Modernization,” June 18, 2026. pbc.gov.cn/…/pan-gongsheng-lujiazui-keynote
- Cyberspace Administration of China, “Network Data Security Risk Assessment Measures Jointly Released by Three Departments,” June 18, 2026. cac.gov.cn/…/network-data-security-risk-assessment
- National Bureau of Statistics, “National Economy Ran Generally Steady in May, Trending Toward New and Better Quality,” June 16, 2026. stats.gov.cn/sj/zxfb/…/may-national-economy
- State Administration for Market Regulation, “Lalamove's Antitrust Compliance Rectification Announced: Breaking the Platform-Economy ‘Involution’ Impasse,” June 18, 2026. samr.gov.cn/xw/mtjj/…/lalamove-antitrust-rectification
- National Energy Administration, “2025 China Electricity Market Development Report Released: Unified National Electricity Market System Initially Built,” June 18, 2026. nea.gov.cn/…/2025-electricity-market-report