China approves five-year plan to expand consumption.
Today's events
Consumption plan.
State Council approved a five-year plan to expand consumption, targeting 60 trillion yuan in annual retail sales by 2030 and a higher household consumption rate.1Jul 28 · State CouncilSecond-half economy.
Premier Li Qiang called for stronger counter-cyclical adjustment in the second half, with incremental policies researched and held in reserve, at a symposium with economists and executives.2Jul 28 · State CouncilFactory profits.
Industrial profits rose 18.7 percent in the first half to 3.95 trillion yuan, but carmakers fell 19.5 percent and steelmakers 25 percent.3Jul 27 · Stats BureauUnion vice-chair expelled.
The Party's anti-corruption body expelled Zhang Shiping, former vice-chair of the national trade union federation, from the Party and referred him for criminal prosecution.4Jul 27 · Discipline CommissionXi hosts Slovakia.
Xi met Slovakia's president in Beijing and asked the visitor to help the European Union focus on shared ground with China rather than on disputes.5Jul 29 · People's DailyArtificial-intelligence dispute.
Commerce Ministry called Washington's threatened investigation and sanctions against Chinese artificial-intelligence firms “hegemonism,” and said China will take all necessary measures.6Jul 27 · Commerce MinistryNew American tariff.
Commerce Ministry rejected a new 12.5 percent American tariff imposed over forced labor, noting Washington promised replacement tariffs would not exceed 20 percent.7Jul 27 · Commerce MinistryNatural-resource assets.
Party and government offices ordered a full inventory and valuation of state-owned natural resources, setting 2030 and 2035 deadlines for a complete asset-management system.8Jul 28 · State CouncilTokyo embassy case.
Foreign ministry said Japan has stalled four months on prosecuting a serving Self-Defense Force officer who forced his way into China's embassy with a knife.9Jul 28 · Foreign Ministry
Voices
“China has always regarded the European Union as a partner, and develops its relations with Europe in a spirit of sincerity and goodwill.”
President Xi Jinping, talks with Slovakia's president · Jul 295
“Maintain strategic resolve on high-quality development, step up counter-cyclical adjustment, make full use of existing policies, and research and reserve incremental policies.”
Premier Li Qiang · Jul 282
“He had no regard for discipline or law, turned public power into a tool for private gain, took money on a large scale, and did not stop after retiring.”
Central Commission for Discipline Inspection, on Zhang Shiping · Jul 274
“These practices lack any factual basis or legal grounding, apply double standards in practice, and are a textbook act of artificial-intelligence hegemonism.”
Commerce Ministry spokesperson · Jul 276
“Handle well the relationship between high-quality development and high-level protection, strengthen the overall protection of natural resources, and hold firm the bottom line of resource security.”
Central Committee and State Council joint opinion · Jul 288
“Japan has ignored China's repeated formal protests, delaying the case again and again on pretexts such as a ‘psychiatric evaluation.’ China is strongly dissatisfied.”
Foreign Ministry Spokesperson Lin Jian · Jul 289
Sources
- State Council, “Reply on the Plan for Expanding Consumption (15th Five-Year Plan)” (State Council Letter No. 66 [2026]), July 28, 2026. gov.cn/zhengce/…/expanding-consumption-plan
- State Council, “Li Qiang Chairs a Symposium with Economists and Entrepreneurs on the Economic Situation,” July 28, 2026. gov.cn/yaowen/…/economic-situation-symposium
- National Bureau of Statistics, “Profits of Industrial Enterprises Above Designated Size Grew 18.7% in January-June 2026,” July 27, 2026. stats.gov.cn/sj/zxfb/…/industrial-profits-h1
- Central Commission for Discipline Inspection, “Zhang Shiping, Former Vice-Chair of the All-China Federation of Trade Unions, Expelled from the Party for Serious Violations,” July 27, 2026. ccdi.gov.cn/yaowenn/…/zhang-shiping-expelled
- People's Daily, “Xi Jinping Holds Talks with Slovak President Pellegrini,” July 29, 2026. politics.people.com.cn/…/xi-slovakia-talks
- Ministry of Commerce, “Spokesperson Answers Questions on U.S. Plans to Investigate and Sanction Chinese Artificial-Intelligence Companies,” July 27, 2026. mofcom.gov.cn/xwfb/…/ai-sanctions-response
- Ministry of Commerce, “Spokesperson Answers Questions on the U.S. Final Measures in the ‘Forced Labor’ Section 301 Investigation,” July 27, 2026. mofcom.gov.cn/xwfb/…/301-forced-labor-tariff
- CPC Central Committee & State Council General Offices, “Opinion on Improving the Natural Resource Asset Management System,” July 28, 2026. gov.cn/yaowen/…/natural-resource-assets
- Ministry of Foreign Affairs, “Regular Press Conference Held by Spokesperson Lin Jian on July 28, 2026,” July 28, 2026. mfa.gov.cn/wjdt/fyrbt/…/lin-jian-jul-28