China's central bank publishes five-year reform plan.
Today's events
Central bank plan.
China's central bank issued its 2026–2030 reform plan with nine supporting action plans, putting renminbi internationalization and cross-border payment build-out at the center.1Aug 10 · PBOCPower system plan.
Central planners and the energy administration set half of all electricity from non-fossil sources by 2030, up from 42.3% last year.2Aug 7 · NEAConsumption plan.
Central planners and the commerce ministry set a 2030 retail-sales target near 60 trillion yuan, up from 50.1 trillion in 2025.3Aug 9 · MOFCOMPrices split.
Factory-gate prices rose 3.5% in July, led by coal at 27.1%, while consumer prices rose 0.5% and food prices fell.4Aug 9 · Stats BureauTrade countermeasures.
The commerce ministry tightened drone export controls, blacklisted a US testing firm, and opened a security review of imported printers after new American restrictions.5Aug 5 · MOFCOMOpen-source models.
The internet regulator said American developers' use of Chinese open-weight models holds above 30% of weekly calls, peaking at 46%.6Aug 10 · CACEnvironment code.
China's second legal code takes effect August 15; the top court's environment chief set out how judges will apply its climate and low-carbon chapters.7Aug 11 · SPCGrowth verdict.
Qiushi commentary, Aug 11, anchored to the July 30 Politburo meeting, reported 4.7% first-half growth and a 3.6-trillion-yuan increment, the largest in five years.8Aug 11 · QiushiJapan and nuclear weapons.
The foreign ministry cited a Japanese poll showing 77% oppose hosting American nuclear weapons and urged Tokyo to keep its non-nuclear principles.9Aug 7 · MFA
Voices
“Market resources are China's enormous advantage. We must fully use and leverage it, consolidate and strengthen it, forming solid support for the new development pattern.”
Xi Jinping, quoted in Qiushi · Aug 118
“Japan's ruling authorities should listen to the people's voice, honor their obligations under international law, and stop playing with fire on the nuclear issue.”
MFA Spokesperson Lin Jian · Aug 79
“Advance renminbi internationalization and expand the currency's use in international trade, investment and financing; accelerate the building of Shanghai as an international financial center.”
People's Bank of China, Five-Year Reform Plan · Aug 101
“China is strongly dissatisfied and firmly opposes this. If the United States insists on new restrictive measures against China, China will take further countermeasures.”
Ministry of Commerce Spokesperson · Aug 55
“The ecological and environmental code achieves a historic leap from scattered legislation to systematic integration, marking a new era for building ecological civilization in China.”
Wu Zhaoxiang, Chief Judge, Environment and Resources Tribunal, Supreme People's Court · Aug 117
“An open ecosystem is a vital source of innovation; closure and exclusion only entrench monopoly and suppress technological progress.”
Cyberspace Administration of China, commentary · Aug 106
Sources
- People's Bank of China, “The People's Bank of China Issues the PBOC Fifteenth Five-Year Reform and Development Plan” (中国人民银行印发《中国人民银行“十五五”改革发展规划》), August 10, 2026. pbc.gov.cn/goutongjiaoliu/…/five-year-reform-plan
- National Energy Administration, “A New Power System To Be Initially Built by 2030” (到2030年新型电力系统初步建成), August 7, 2026. nea.gov.cn/20260807/…/new-power-system-2030
- Ministry of Commerce & National Development and Reform Commission, “Officials Answer Questions on the Expanding Consumption Fifteenth Five-Year Plan” (国家发展改革委、商务部有关负责人就《扩大消费“十五五”规划》答记者问), August 9, 2026. mofcom.gov.cn/xwfb/…/expanding-consumption-plan
- National Bureau of Statistics, “Producer Prices for Industrial Products Up 3.5% Year-on-Year in July 2026” (2026年7月份工业生产者出厂价格同比上涨3.5%), August 9, 2026. stats.gov.cn/sj/zxfb/…/july-producer-prices
- Ministry of Commerce, “Spokesperson Answers Questions on Countermeasures Against a Series of Negative China-Related Measures by the U.S. Federal Communications Commission and Department of Homeland Security” (商务部新闻发言人就对美国联邦通信委员会、美国土安全部系列涉华消极措施实施反制答记者问), August 5, 2026. mofcom.gov.cn/xwfb/…/countermeasures-fcc-dhs
- Cyberspace Administration of China, “Openness and Mutual Benefit Is the Only Road for AI Development” (开放共赢是人工智能发展的必由之路), August 10, 2026. cac.gov.cn/2026-08/10/…/open-source-ai
- Supreme People's Court, “High-Quality Judicial Services To Safeguard the Comprehensive Green Transition” (以高质量司法服务保障全面绿色转型), August 11, 2026. court.gov.cn/zixun/…/green-transition-judiciary
- Qiushi (Party Theoretical Journal), “China's Economy: Watch the Steadiness More Than the Speed” (中国经济看速度更看“稳劲”), August 11, 2026. qstheory.cn/20260811/…/economy-steadiness
- Ministry of Foreign Affairs, “Spokesperson Lin Jian Answers Questions from Reporters, August 7, 2026” (2026年8月7日外交部发言人林剑答记者问), August 7, 2026. mfa.gov.cn/wjdt/fyrbt/…/lin-jian-aug-7