China plans seven trillion yuan in infrastructure.
Today's events
Seven-trillion-yuan build-out.
Central planners expect over 7 trillion yuan this year for the ‘six networks’ — water, power grid, computing, communications, underground pipes, and logistics — pitched as a domestic-demand engine.1Jul 5 · State CouncilParty's 105th anniversary.
Xi’s July 1 anniversary address, amplified all week across state media, cast the Communist Party as having ‘created a new form of human civilization’ and a model for the Global South.2Jul 1 · People's DailyTwo new generals.
Xi presided as the Central Military Commission promoted two officers to full general — the Air Force commander and the military’s chief discipline-and-graft inspector.3Jul 3 · CPC NewsE-commerce law rewrite.
The market regulator and Commerce Ministry proposed an E-Commerce Law amendment adding a clause to counter foreign ‘discriminatory restrictions’ — carrying trade-retaliation powers into digital commerce.4Jul 4 · Market RegulatorAI-agent standards.
The market regulator and industry ministry issued China’s first national standards for interlinking AI agents — giving each a ‘digital ID’ to enable secure cross-vendor interoperability.5Jul 3 · Market RegulatorFive-Year Plan blueprints.
The State Council rolled out blueprints for the 15th Five-Year Plan — environment, employment, and education — with the ‘Beautiful China’ plan reaffirming an on-schedule carbon peak.6Jul 3 · State CouncilOffshore-yuan push.
The central bank governor unveiled an offshore-yuan trading pilot in Shanghai and a repo tool letting foreign central banks tap yuan liquidity — advancing currency internationalization.7Jul 2 · PBOCWorld’s largest power grid.
The energy administration reported China has built the world’s largest electricity-supply system, with 2025 consumption topping 10 trillion kilowatt-hours and nearly 800 million users.8Jul 3 · Energy Admin.Factories back to growth.
June manufacturing activity returned to expansion — the purchasing-managers’ index rose to 50.3 — though small firms stayed in contraction at 48.2.9Jun 30 · Stats Bureau
Voices
“Leading the people in advancing Chinese modernization, the Party has created a new form of human civilization and broadened the path for developing countries toward modernization.”
Xi Jinping, speech marking the Party’s 105th anniversary · Jul 12
“We will authorize six banks to conduct offshore renminbi foreign-exchange trading in the Shanghai Free Trade Zone — helping build Shanghai into a global hub for allocating and managing renminbi assets.”
PBOC Governor Pan Gongsheng, Lujiazui Forum · Jul 27
“This agent-interconnection standard system holds the floor, raises the ceiling, and spurs innovation — precisely resolving the industry’s pain points and safeguarding the high-quality growth of the AI-agent sector.”
Zhu Meina, Market Regulation Administration · Jul 35
“Talking of freedom and openness while scheming for confrontation — such a self-contradictory notion runs counter to the region’s shared wish for peace and development, and will never win genuine acceptance.”
MFA Spokesperson Guo Jiakun · Jul 210
“When China does well, the world does better — and China will offer new opportunities to every country, Sweden included.”
Foreign Minister Wang Yi, in Stockholm · Jul 411
“Amending the law is not about tying platform firms’ hands; it means strict oversight, precise and proportionate penalties, protecting order in online trade and the rights of all parties.”
Xinhua commentary on the e-commerce law · Jul 412
Sources
- State Council, “‘Six Networks’ Building a Modern Infrastructure System,” July 5, 2026. gov.cn/yaowen/…/six-networks-infrastructure
- People's Daily, “Golden Quotes from General Secretary Xi Jinping's Speech Marking the CCP's 105th Anniversary,” July 3, 2026. politics.people.com.cn/…/xi-105th-anniversary-quotes
- CPC News (Xinhua), “Central Military Commission Holds General-Promotion Ceremony; Xi Jinping Presents the Orders,” July 3, 2026. cpc.people.com.cn/…/cmc-general-promotion
- State Administration for Market Regulation, “From Trade Countermeasures to Digital Governance: The E-Commerce Law Amendment's Discriminatory-Restrictions Response Clause,” July 4, 2026. samr.gov.cn/…/e-commerce-law-amendment
- State Administration for Market Regulation, “China Releases Its First National Standard System for AI-Agent Interconnection,” July 3, 2026. samr.gov.cn/…/ai-agent-interconnection-standards
- State Council, “Notice Issuing the ‘Beautiful China Construction’ 15th Five-Year Plan” (Guofa [2026] No. 20), July 3, 2026. gov.cn/zhengce/…/beautiful-china-15th-five-year-plan
- People's Bank of China, “Governor Pan Gongsheng's Keynote at the 2026 Lujiazui Forum: Changes in China's Financial Structure and Financial-Market Modernization,” July 2, 2026. pbc.gov.cn/…/pan-gongsheng-lujiazui-forum
- National Energy Administration, “China Has Built the World's Largest Power-Supply System” (China Power Supply Development Report 2026), July 3, 2026. nea.gov.cn/…/worlds-largest-power-supply-system
- National Bureau of Statistics, “June 2026 Purchasing Managers' Index,” June 30, 2026. stats.gov.cn/sj/zxfb/…/june-2026-pmi
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Guo Jiakun's Regular Press Conference,” July 2, 2026. mfa.gov.cn/…/guo-jiakun-press-conference-jul-2
- State Council (Xinhua), “Swedish Prime Minister Kristersson Meets Wang Yi,” July 5, 2026. gov.cn/yaowen/…/kristersson-meets-wang-yi
- Xinhua Commentary, “Promoting the Healthy Development of the Platform Economy Through Strict Law,” July 4, 2026. samr.gov.cn/…/platform-economy-strict-law