Central bank opens offshore yuan trading in Shanghai.
Today's events
Offshore yuan.
The central bank authorized six banks to run offshore yuan trading in Shanghai's free-trade zone, a step toward making Shanghai a global yuan hub.1Jun 18 · PBOCData-security rules.
The internet regulator, with the industry and public-security ministries, published China's network data-security risk-assessment measures, requiring annual assessments by major data handlers from August 20.2Jun 18 · Cyberspace AdminPlatform antitrust.
The market regulator unveiled freight platform Huolala's antitrust overhaul, its first algorithm-focused case, to curb “involution-style” price wars in platform markets.3Jun 18 · Market RegulatorEmployment plan.
The State Council issued its 2026–2030 employment-first plan, vowing “high-quality, full employment,” wider channels for young graduates, and no large-scale joblessness as the bottom line.4Jun 18 · State CouncilPower market.
China's 2025 electricity report declared a unified national power market in place; wind and solar capacity hit 1.84 billion kilowatts, overtaking coal.5Jun 18 · Energy AdminMay data.
Industrial output grew 4.5% in May and high-tech manufacturing 15.1%, the statistics bureau said, even as consumer spending stayed soft — production still leading the recovery.6Jun 16 · Stats BureauCritical minerals.
Beijing said its stance on stable global critical-mineral supply chains is unchanged and called its export-control system routine, urging the G7 to drop “small-circle” rules.7Jun 18 · Foreign MinistryTaiwan.
The defense ministry rejected the Taiwan leader's May 20 defense speech, warning that “seeking independence by force is a dead end.”8Jun 20 · Defense MinistryCommon prosperity.
Xi ordered East-West regional partnerships made permanent in the 15th Five-Year Plan's opening year, citing the Fujian–Ningxia model and “solid steps toward common prosperity.”9Jun 17 · Xinhua
Voices
“Party committees and governments at every level must hold firm the line against any large-scale return to poverty, and take solid steps toward common prosperity for all.”
Xi Jinping, General Secretary · Jun 179
“We will authorize six banks to conduct offshore renminbi foreign-exchange trading in the Shanghai free-trade zone, helping Shanghai become a global allocation and risk-management center for renminbi assets.”
PBOC Governor Pan Gongsheng, Lujiazui Forum · Jun 181
“China's position on safeguarding stable, secure global critical-mineral supply chains has not changed; we urge the G7 to stop using ‘small-circle’ rules to disrupt international economic order.”
MFA Spokesperson Lin Jian · Jun 187
“No matter how much money the Taiwan authorities spend or how many weapons they buy, seeking independence by force is a dead end; reunification is the bright road.”
MND Spokesperson Jiang Bin · Jun 208
“A platform's technological and scale advantages are no monopoly privilege; algorithms and traffic must not become tools for manufacturing industry involution or harming fair competition.”
State Administration for Market Regulation · Jun 183
“The Measures aim to standardize network data-security risk assessment and improve data-governance mechanisms — using data security to safeguard data development and industrial growth.”
Cyberspace Administration of China · Jun 182
Sources
- People's Bank of China, “Changes in China's Financial Structure and Financial-Market Modernization — Governor Pan Gongsheng's Keynote at the 2026 Lujiazui Forum,” June 18, 2026. pbc.gov.cn/…/pan-gongsheng-lujiazui-2026
- Cyberspace Administration of China, “Three Departments Jointly Issue the Network Data Security Risk Assessment Measures,” June 18, 2026. cac.gov.cn/…/network-data-security-risk-assessment
- State Administration for Market Regulation, “Huolala's Antitrust Compliance Rectification Announced; Breaking the Platform-Economy 'Involution' Impasse,” June 18, 2026. samr.gov.cn/…/huolala-antitrust-rectification
- 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-strategy-15fyp
- National Energy Administration, “2025 China Electricity Market Development Report Released — National Unified Electricity Market Initially Established,” June 18, 2026. nea.gov.cn/…/2025-electricity-market-report
- National Bureau of Statistics, “National Economy Ran Generally Steady in May, Continuing to Upgrade,” June 16, 2026. stats.gov.cn/…/may-2026-national-economy
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Lin Jian's Regular Press Conference,” June 18, 2026. mfa.gov.cn/…/lin-jian-press-conference-jun-18
- Ministry of National Defense, “Defense Ministry Spokesperson Jiang Bin Answers Questions on the Taiwan Leader's '5·20' Speech,” June 20, 2026. mod.gov.cn/…/jiang-bin-taiwan-520-speech
- Xinhua, “Xi Jinping Issues Important Instruction on Normalizing East-West Cooperation,” June 17, 2026. news.cn/politics/leaders/…/east-west-cooperation