Xi in North Korea; graft expulsions · Jun 23

Xi makes a state visit to North Korea.

Today's events

Xi in North Korea.
Xi made a state visit to Pyongyang — his first in seven years — pledging deeper strategic coordination on the friendship treaty's 65th anniversary.¹Jun 22 · State Council
Two officials expelled.
The Party's anti-corruption body expelled Jiangxi's former advisory vice-chairman Yin Jianye and Shenzhen's former advisory chief Dai Beifang, referring both for bribery prosecution.²Jun 23 · CPC News
Jobs five-year plan.
The State Council issued its employment-first plan for the 15th Five-Year Plan period, vowing every “zero-employment” household keeps at least one person working.³Jun 18 · State Council
Fiscal squeeze.
Budget revenue rose 4% in the first five months while spending grew just 0.8%; land-sale income fell 28.7%, pressuring local-government finances.⁴Jun 22 · MOF
Offshore finance plan.
Six agencies led by the central bank issued a plan to build an offshore-finance system in Shanghai, advancing renminbi internationalization and overseas Chinese investment.⁵Jun 18 · PBOC
Electricity market.
The energy regulator declared a national unified electricity market “initially established,” with wind and solar capacity now surpassing coal-fired power nationwide.⁶Jun 18 · NEA
Data-risk rules.
The internet regulator, with the industry and public-security ministries, issued rules requiring annual security risk assessments by handlers of “important data,” effective August 20.⁷Jun 18 · CAC
AI for consumers.
The Commerce Ministry and eight agencies issued 17 measures to embed artificial intelligence across consumer goods and services, aiming to create new sources of demand.⁸Jun 18 · Commerce Min.
Supply-chain expo.
Vice Premier Ding Xuexiang opened the China International Supply Chain Expo, urging the world to keep trade from being “politicized, weaponized or over-securitized.”⁹Jun 22 · State Council

Voices

“The two sides firmly support each other in safeguarding national sovereignty, security and development interests, and join hands to defend regional peace and the post-war international order.”
Xi Jinping, signed article in North Korean state media · Jun 22¹

“We must prevent trade and economic issues from being politicized, weaponized or over-securitized, remove non-economic interference, and keep industrial and supply chains a global public good.”
Vice Premier Ding Xuexiang, China International Supply Chain Expo · Jun 22⁹

“China supports the mediation efforts of Pakistan, Qatar and others, and hopes Iran and the United States maintain their negotiating momentum and keep moving toward each other.”
Foreign Ministry Spokesperson Guo Jiakun · Jun 22¹⁰

“[The plan will] build a safe, reliable ‘financial harbor’ for Chinese firms going global and better serve the internationalization of the renminbi.”
Shanghai offshore-finance action plan, six agencies · Jun 18⁵

“The pressure to keep employment stable is ever-present, and structural employment contradictions continue to surface.”
NDRC and Human Resources Ministry officials, on the employment plan · Jun 18¹¹

“The national unified electricity market reached, on schedule, the milestone of initial completion, playing an effective role in securing supply, driving the transition and stabilizing prices.”
2025 China Electricity Market Development Report, National Energy Administration · Jun 18⁶

Sources

State Council (gov.cn), “Xi Jinping Publishes Signed Article in North Korean Media,” June 22, 2026. gov.cn/yaowen/…/xi-dprk-signed-article
CPC News, “Yin Jianye, Former Vice-Chairman of Jiangxi Provincial CPPCC, Expelled from the Party and Public Office,” June 23, 2026. fanfu.people.com.cn/…/yin-jianye-expelled
State Council (gov.cn), “Notice on Issuing the Employment-First Strategy 15th Five-Year Plan,” June 18, 2026. gov.cn/zhengce/…/employment-first-15th-fyp
Ministry of Finance, “Fiscal Revenue and Expenditure, January–May 2026,” June 22, 2026. mof.gov.cn/…/jan-may-2026-fiscal
People's Bank of China, “Shanghai International Financial Center Offshore Finance Action Plan, Jointly Issued by Six Agencies,” June 18, 2026. pbc.gov.cn/…/shanghai-offshore-finance-plan
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
Cyberspace Administration of China, “Network Data Security Risk Assessment Measures” (Order No. 24, with MIIT and Ministry of Public Security), June 18, 2026. cac.gov.cn/…/data-security-risk-assessment
Cyberspace Administration of China, “Commerce Ministry and Eight Agencies Issue 17 Measures to Advance ‘AI-plus-Consumption,’” June 18, 2026. cac.gov.cn/…/ai-plus-consumption-measures
State Council (gov.cn), “Ding Xuexiang Attends Opening of the 4th China International Supply Chain Expo and Delivers Keynote,” June 22, 2026. gov.cn/yaowen/…/ding-xuexiang-supply-chain-expo
Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun's Regular Press Conference,” June 22, 2026. mfa.gov.cn/…/guo-jiakun-press-conference
NDRC, “NDRC and Ministry of Human Resources Officials Answer Reporters' Questions on the Employment-First Strategy 15th Five-Year Plan,” June 18, 2026. ndrc.gov.cn/…/employment-plan-qa