Five-year jobs plan, offshore yuan · Jun 20

China issues five-year plan prioritizing employment.

Today's events

Five-year jobs plan.
The State Council issued its Employment-First Strategy for the 15th Five-Year Plan, making high-quality full employment a national priority and a floor against large-scale unemployment.¹Jun 18 · State Council
Offshore yuan push.
Central-bank governor Pan Gongsheng unveiled an offshore-renminbi currency-trading pilot in Shanghai and a six-agency plan to build the city into an offshore-finance hub.²Jun 18 · Central Bank
Data-risk audit rules.
The internet regulator, industry ministry, and police jointly issued rules requiring handlers of “important data” to run annual security risk assessments from August 20.³Jun 18 · Cyberspace Admin
Anti-‘involution’ drive.
The market regulator wrapped up its first algorithm-antitrust case, against freight platform Lalamove, and floated rules to curb ruinous food-delivery subsidy wars.⁴Jun 18 · Market Regulator
Taiwan red line.
A Defense Ministry spokesman rejected the Taiwan leader's May 20 speech as “seeking independence by force,” warning the military stays on high alert.⁵Jun 20 · Defense Ministry
May data split-screen.
Industrial output rose 4.5% and high-tech manufacturing 15.1%, but May retail sales fell 0.6% from a year earlier and property investment dropped 16.2%.⁶Jun 16 · Stats Bureau
Unified power market.
The energy regulator declared a national unified electricity market “initially built,” as wind and solar capacity overtook coal-fired power for the first time.⁷Jun 18 · Energy Admin
Common-prosperity push.
Xi Jinping ordered East–West regional cooperation made permanent, telling officials to guard against any large-scale return to poverty and take “solid steps” toward common prosperity.⁸Jun 17 · Xinhua
Laos ties upgraded.
Xi hosted Laos's leader and signed a statement raising relations to an “all-weather community,” with new deals on the China–Laos railway and clean energy.⁹Jun 20 · State Council

Voices

“Over thirty years, East–West cooperation has played a major role in poverty alleviation and balanced regional development, demonstrating our Party's political strength and the superiority of the socialist system.”
President Xi Jinping, instruction on East–West cooperation · Jun 17⁸

“Employment is the most basic of livelihoods — bearing on the people's immediate interests, on sound economic and social development, and on the nation's lasting stability.”
Employment-First Strategy, 15th Five-Year Plan · Jun 18¹

“To advance two-way opening of the foreign-exchange market and merge onshore and offshore markets, we will launch offshore renminbi currency trading in Shanghai's free-trade zone.”
Central Bank Governor Pan Gongsheng, Lujiazui Forum · Jun 18²

“However much money they spend or weapons they buy, seeking independence by force is a dead end — national reunification is the bright road.”
Defense Ministry Spokesman Jiang Bin · Jun 20⁵

“A platform's technological and scale advantages are no license for monopoly; algorithms and traffic must never become tools for manufacturing industry ‘involution.’”
State Administration for Market Regulation · Jun 18⁴

“These Measures implement the Party and State Council's data-security agenda — using data security to safeguard the development and use of data and the growth of industry.”
Cyberspace Administration of China · Jun 18³

Sources

State Council, “Notice on Issuing the Employment-First Strategy 15th Five-Year Plan” (Guofa [2026] No. 16), Jun 18, 2026. gov.cn/zhengce/…/employment-first-15th-five-year-plan
People's Bank of China, “China's Financial Structure and Financial-Market Modernization — Governor Pan Gongsheng's keynote at the 2026 Lujiazui Forum,” Jun 18, 2026. pbc.gov.cn/…/pan-gongsheng-lujiazui-keynote
Cyberspace Administration of China, “Three Departments Jointly Release the Network Data Security Risk Assessment Measures,” Jun 18, 2026. cac.gov.cn/…/network-data-security-risk-assessment
State Administration for Market Regulation, “Deeply Rectifying ‘Involution-Style’ Competition for Win-Win Platform-Economy Development,” Jun 18, 2026. samr.gov.cn/…/platform-economy-anti-involution
Ministry of National Defense, “Defense Ministry Spokesman Jiang Bin on the Taiwan Leader's ‘5·20’ Speech,” Jun 20, 2026. mod.gov.cn/…/jiang-bin-taiwan-520-speech
National Bureau of Statistics, “National Economy Ran Stably in May, Shifting Toward New and Improved,” Jun 16, 2026. stats.gov.cn/…/may-economic-data
National Energy Administration, “2025 China Electricity Market Development Report Released — National Unified Electricity Market Initially Built,” Jun 18, 2026. nea.gov.cn/…/2025-electricity-market-report
Xinhua, “Xi Jinping Issues Instruction on Normalizing East–West Cooperation,” Jun 17, 2026. news.cn/politics/leaders/…/xi-east-west-cooperation
State Council, “Xi Jinping Holds Talks with Lao People's Revolutionary Party General Secretary and President Thongloun,” Jun 20, 2026. gov.cn/yaowen/…/xi-thongloun-talks