Party at 105, digital yuan law · Jul 1

Xi marks Communist Party’s 105th anniversary

Today's events

Party at 105.
Xi Jinping delivered the keynote address marking the Communist Party’s 105th anniversary and conferred its highest honor, the July 1 Medal, on eight members.¹Jul 1 · State Council
Outbound investment rules.
New State Council regulations governing Chinese overseas investment took effect, imposing whole-process approval and filing and an investment-barrier review to protect investors abroad.²Jul 1 · State Council
Digital yuan law.
Reviewing a central-bank law revision, national lawmakers moved to define the digital yuan’s legal status as legal tender, with privacy and data-security safeguards.³Jun 30 · NPC
Industrial profits jump.
Above-scale industrial firms’ profits rose 18.8% year-on-year in the first five months, led by non-ferrous metals and electronics; carmakers’ profits fell.⁴Jun 27 · Stats Bureau
Renewable-energy quotas.
Central planners and the energy administration set binding minimum renewable-consumption shares for provinces and heavy industry, for the first time counting non-electric renewable use.⁵Jun 26 · NDRC-NEA
Digital hegemony.
A Qiushi commentary (June 30) called on nations to break U.S. “digital hegemony” across chips, platforms, cloud data and standards, urging digital self-reliance.⁶Jun 30 · Qiushi
Hong Kong at 29.
Marking 29 years since the handover, Hong Kong reported 5.9% first-quarter growth and began its first five-year plan to align with national planning.⁷Jun 30 · State Council
Foreign minister’s Nordic tour.
Beijing announced Wang Yi will visit Denmark, Sweden, Finland and Norway July 2–8 — the first Chinese foreign minister in Denmark in 15 years.⁸Jun 30 · Foreign Ministry
State-firm expulsion.
China Mobile’s former Henan chairman, Yuan Jianguo, was expelled from the Communist Party for bribery, with his suspected crimes referred to prosecutors.⁹Jun 26 · CCDI

Voices

“Over the past 105 years, our Party has always held fast to its founding mission of seeking happiness for the Chinese people and rejuvenation for the Chinese nation.”
Xi Jinping, CPC General Secretary · Jul 1¹

“China and the EU are partners, not rivals. The key to resolving both sides’ trade concerns lies in deepening cooperation and achieving common development.”
Foreign Ministry Spokesperson Guo Jiakun · Jun 30⁸

“The draft, for the first time, gives the digital yuan legal-tender status equal to cash — but its traceability and programmability mean privacy and data security cannot be ignored.”
NPC lawmaker Zhang Daohong · Jun 30³

“The essence of U.S. digital hegemony is monopoly in the name of so-called freedom, and the pursuit of global domination through technological superiority.”
Qiushi commentary, Cai Cuihong · Jun 30⁶

“In the first quarter of this year, Hong Kong’s economy grew 5.9 percent — the strongest quarterly growth in nearly five years.”
Hong Kong Chief Executive John Lee · Jun 30⁷

“Yuan Jianguo committed serious violations of Party discipline — including engaging in superstitious activities and taking bribes — and is expelled from the Party.”
China Mobile Party disciplinary decision · Jun 26⁹

Sources

State Council, “Xi Jinping: Speech at the Meeting Marking the 105th Anniversary of the Founding of the Communist Party of China,” July 1, 2026. gov.cn/yaowen/…/cpc-105th-anniversary-speech
State Council, “Premier Li Qiang Signs State Council Decree Promulgating the Regulations on Outbound Investment” (effective July 1, 2026), June 2026. gov.cn/yaowen/…/outbound-investment-regulations
National People’s Congress, “Improving the Macroprudential Framework: Lawmakers Deliberate the Central-Bank Law Revision and the Digital Yuan’s Legal Status,” June 30, 2026. npc.gov.cn/…/central-bank-law-digital-yuan
National Bureau of Statistics, “January–May 2026 National Industrial Enterprise Profits Grew 18.8%,” June 27, 2026. stats.gov.cn/…/jan-may-industrial-profits
NDRC & National Energy Administration, “Implementation Measures for Minimum Renewable-Energy Consumption Shares and Renewable-Power Consumption Responsibility Weights” (effective August 1, 2026), June 26, 2026. nea.gov.cn/…/renewable-consumption-weights
Qiushi, “Promoting Global Development Requires Breaking ‘Digital Hegemony’” (Cai Cuihong), June 30, 2026. qstheory.cn/…/break-digital-hegemony
State Council, “Launch Ceremony for Activities Marking the 29th Anniversary of Hong Kong’s Return Held,” June 30, 2026. gov.cn/yaowen/…/hong-kong-29th-anniversary
Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun’s Regular Press Conference on June 30, 2026,” June 30, 2026. mfa.gov.cn/…/guo-jiakun-press-conference
CCDI, “Yuan Jianguo, Former Party Secretary, Chairman and General Manager of China Mobile Henan, Expelled from the Party,” June 26, 2026. ccdi.gov.cn/…/china-mobile-henan-expulsion