China's central bank keeps monetary policy loose.
Today's events
Second-half money plan.
The central bank's work conference committed to keeping monetary policy moderately loose and stepping up counter-cyclical adjustment to expand domestic demand.1Aug 2 · PBOCFactory activity contracts.
July's manufacturing purchasing index fell 1.1 points to 49.2, the largest monthly drop this year, with new orders down 2.7 points to 48.5.2Jul 31 · Stats BureauHalf-year discipline tally.
The Party's discipline body counted 538,000 cases opened in the first half, including 50 at provincial-ministerial rank or above, and pressed its grassroots-corruption drive.3Aug 1 · CCDIXi on the military.
Xi told a Politburo study session that combat capability is the test of modernization, and called for unmanned and intelligent systems plus deeper military anti-corruption.4Jul 31 · People's DailyFarm-supply five-year plan.
Supply and marketing cooperatives published a five-year plan to build or upgrade about 100 national farm-input reserve depots and 1,000 county distribution centres by 2030.5Aug 1 · State CouncilXi's health article.
Xi's article, published July 31 in Qiushi, calls the 2035 Healthy China target a central strategic decision and names the next five years decisive.6Jul 31 · CPC NewsRecord power demand.
National peak electricity load hit 1.553 billion kilowatts, a third record this summer; the energy administration says sustained heat could push it to 1.6 billion.7Jul 31 · NEAJapan's nuclear debate.
Defense ministry called Tokyo's talk of revising its three non-nuclear principles a red line, noting Japan stockpiles about 44.4 tonnes of separated plutonium.8Jul 30 · MNDAsia-Pacific summit year.
Foreign ministry said China's Asia-Pacific Economic Cooperation host year has run more than 180 meetings so far, with the leaders' meeting due in November.9Jul 31 · MFA
Voices
“In advancing national defense and military modernization with quality, the fundamental aim and the test of it is always combat capability.”
Xi Jinping, Politburo collective study session · Jul 304
“Implement a moderately loose monetary policy, draw out the full effect of existing policies, issue practical new ones in good time, and strengthen counter-cyclical adjustment.”
People's Bank of China, second-half work conference · Aug 11
“Japan's nuclear ambition is a red line that should never be crossed. Otherwise, if the Pandora's box is opened, the consequences would be catastrophic.”
Defense Ministry Spokesperson Sr. Col. Jiang Bin · Jul 308
“A thousand things may look good, but it is only truly good if ordinary people say so; of all criteria, what the public feels comes first.”
Central Commission for Discipline Inspection meeting · Jul 313
“If widespread, sustained high temperatures set in, national peak load could reach 1.6 billion kilowatts, 90 million above last year; supply and demand remain broadly balanced.”
Liu Mingyang, National Energy Administration power department · Jul 307
“As this year's Asia-Pacific host, China will focus on openness, innovation and cooperation, building consensus so that November's leaders' meeting becomes a high point for the group.”
Foreign Ministry Spokesperson Mao Ning · Jul 319
Sources
- People's Bank of China, “The People's Bank of China Convenes Its Second-Half 2026 Work Conference,” August 2, 2026. pbc.gov.cn/goutongjiaoliu/…/second-half-work-conference
- National Bureau of Statistics, “China Purchasing Managers' Index, July 2026,” July 31, 2026. stats.gov.cn/sj/zxfb/…/july-pmi
- Central Commission for Discipline Inspection, “The Week in Discipline: Consolidating and Building on the Sound Political Situation Formed by Strict Party Governance,” August 1, 2026. ccdi.gov.cn/yaowenn/…/week-in-discipline
- People's Daily / CPC News, “Xi Jinping at the 27th Politburo Collective Study Session: Strengthen Political Guidance, Deepen Innovative Development, Advance National Defense and Military Modernization with Quality,” July 31, 2026. politics.people.com.cn/n1/…/politburo-study-defense
- State Council, “Five-Year Plan Released: National Supply and Marketing Cooperatives to Upgrade Fully to Farm Services,” August 1, 2026. gov.cn/yaowen/…/supply-marketing-cooperatives-plan
- CPC News, “Xi Jinping: Accelerate the Building of a Healthy China” (published in Qiushi), July 31, 2026. cpc.people.com.cn/n1/…/healthy-china
- National Energy Administration, “Peaking at 1.553 Billion Kilowatts: National Electricity Load Sets Three Records,” July 31, 2026. nea.gov.cn/20260731/…/peak-load-records
- Ministry of National Defense, “Japan's Nuclear Ambition Is a Red Line That Should Never Be Crossed,” July 30, 2026. mod.gov.cn/gfbw/xwfyr/…/japan-nuclear-red-line
- Ministry of Foreign Affairs, “Foreign Ministry Spokesperson Mao Ning's Regular Press Conference,” July 31, 2026. mfa.gov.cn/wjdt/fyrbt/…/mao-ning-jul-31