Xi science awards, self-reliance push · Jul 9

Xi awards China's top science prizes.

Today's events

Xi's science speech.
Xi told the national science awards ceremony to accelerate self-reliance, calling the coming five-year plan the “critical” phase for becoming a science power by 2035.¹Jul 8 · Xinhua
Central bank holds course.
The central bank's monetary-policy committee vowed to keep policy “moderately loose” and liquidity ample, citing an economy of “strong supply, weak demand.”²Jul 8 · PBOC
Price-war crackdown.
The market regulator fined seven online platforms 3.6 billion yuan over unsafe “ghost” food delivery, part of a campaign against ruinous “involution-style” competition.³Jul 7 · SAMR
Xi's flood orders.
Xi ordered all-out rescue after dam breaches and landslides caused heavy casualties in Guangxi, Hubei and Gansu, warning officials against complacency.⁴Jul 7 · Xinhua
Hong Kong bond hub.
The central bank and Hong Kong's regulators backed a new electronic bond-and-currency trading platform to deepen the offshore renminbi market.⁵Jul 7 · PBOC
Jobs-first plan.
The State Council's new five-year employment plan sets “no large-scale unemployment” as a bottom line, pledging one job per jobless household.⁶Jul 2 · State Council
Electric-car tax break ends.
Three ministries will scrap the vehicle tax break for commercial electric and hybrid models from 2027, as new-energy cars pass half of auto sales.⁷Jul 3 · MOF
Provincial official expelled.
A former Guizhou housing-department chief, Wang Chun, was expelled from the Party and public office for bribery and abuse of power.⁸Jul 7 · CCDI
World's biggest grid.
An energy-administration report said China now runs the world's largest power-supply system, with 2025 electricity use topping 10 trillion kilowatt-hours.⁹Jul 3 · NEA

Voices

“We must seize this historic opportunity, accelerate high-level self-reliance in science and technology, and stride firmly toward building a science and technology power by 2035.”
Xi Jinping, at the National Science Awards ceremony · Jul 8¹

“Whether it is ‘overcapacity’ or a shortage, consumers have their own judgment; goods that meet demand at good quality and price are naturally welcomed.”
Foreign Ministry Spokesperson Mao Ning · Jul 6¹⁰

“Hong Kong has become the largest offshore renminbi center, with the currency's investment and financing functions strengthening and renminbi lending still growing.”
Pan Gongsheng, Governor of the People's Bank of China, Hong Kong · Jul 7¹¹

“We are lawfully supporting enterprises to move out of ‘involution-style’ competition through mergers and restructuring.”
Wang Shizhong, Competition Coordination Dept., Market Regulator · Jul 7³

“Chinese modernization must be underpinned by scientific and technological modernization; the Party keeps innovation at the core of national development.”
CPC Central Committee & State Council, Decision on 2025 National Science Awards · Jul 8¹²

“Employment is the most basic component of people's livelihood, bearing on their immediate interests, on sound economic and social development, and on the nation's lasting stability.”
Employment-First Strategy 15th Five-Year Plan, State Council · Jul 2⁶

Sources

People's Daily / CPC News, “Speech at the National Science and Technology Awards Ceremony, the Academicians' Congress and the 11th National Congress of the China Association for Science and Technology,” July 8, 2026. politics.people.com.cn/…/xi-science-awards-speech
People's Bank of China, “Monetary Policy Committee Holds Its Q2 2026 Regular Meeting,” July 8, 2026. pbc.gov.cn/…/mpc-q2-2026-meeting
State Administration for Market Regulation, “Press Conference on Curbing ‘Involution-Style’ Competition in the First Half of 2026,” July 7, 2026. samr.gov.cn/…/involution-competition-briefing
Cyberspace Administration of China, “Xi Jinping Issues Important Instructions on Flood Control and Disaster Relief,” July 7, 2026. cac.gov.cn/…/xi-flood-relief-instructions
People's Bank of China, HKMA & Hong Kong SFC, “Joint Announcement on Building a Trading Platform in Hong Kong,” July 7, 2026. pbc.gov.cn/…/hong-kong-trading-platform
State Council, “Notice on Issuing the Employment-First Strategy 15th Five-Year Plan” (Guofa [2026] No. 16), published July 2, 2026. gov.cn/zhengce/…/employment-first-15th-five-year-plan
Ministry of Finance, State Taxation Administration & MIIT, “Q&A on Adjusting the Vehicle-and-Vessel Tax Preferences for Energy-Saving and New-Energy Vehicles,” July 3, 2026. mof.gov.cn/…/nev-vehicle-tax-adjustment
Central Commission for Discipline Inspection, “Wang Chun, Former Party Chief and Director of Guizhou's Housing and Urban-Rural Construction Department, Expelled from the Party and Public Office,” July 7, 2026. ccdi.gov.cn/…/wang-chun-expelled
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/…/largest-power-supply-system
Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Mao Ning's Regular Press Conference,” July 6, 2026. mfa.gov.cn/…/mao-ning-presser-jul-6
People's Bank of China, “Address by Governor Pan Gongsheng at the Hong Kong Monetary and Fixed Income Summit,” July 7, 2026. pbc.gov.cn/…/pan-gongsheng-hong-kong-address
People's Daily / CPC News, “CPC Central Committee and State Council Decision on the 2025 National Science and Technology Awards,” July 8, 2026. politics.people.com.cn/…/2025-science-awards-decision