China publishes five-year plan to expand consumer spending.
Today's events
Consumption plan.
China's cabinet issued a five-year plan to lift retail sales to about 60 trillion yuan by 2030, from 50.1 trillion in 2025.1Aug 9 · Commerce MinistryCentral bank blueprint.
The People's Bank of China published its own five-year reform plan plus nine action plans, pledging wider yuan use in international trade and investment.2Aug 10 · Central BankFactory prices.
Factory-gate prices rose 3.5% from a year earlier in July, led by mining at 16.4%; consumer prices rose just 0.5%.3Aug 9 · Statistics BureauMissile-test rebuke.
China's disarmament ambassador rejected an American-led statement in Geneva faulting its July submarine-launched intercontinental missile test, calling the criticism political manipulation.4Aug 11 · Military OnlineEnvironmental code.
China's environmental code takes effect August 15, folding pollution control, conservation and climate rules into a single statute.5Aug 12 · People's DailyEnergy system plan.
The energy administration's five-year plan puts non-fossil sources at half of power generation by 2030, while five coal bases supply 80% of output.6Aug 7 · Energy AdministrationPecan duties.
The commerce ministry imposed preliminary anti-dumping duties of 54.3% on American pecans, the maximum rate, because no United States exporter contested the case.7Aug 10 · Commerce MinistryOpen-source models.
A People's Daily commentary cited nearly 200 Silicon Valley startups' letter opposing curbs on Chinese open-weight models, now over 30% of American developers' token use.8Aug 10 · Internet RegulatorTaiwan and the Pacific.
Beijing urged the Pacific Islands Forum secretariat to abide by the one-China principle over Taiwan's attendance at its leaders' meeting in Palau.9Aug 11 · Foreign Ministry
Voices
“The United States is in no position to carp at China over missile tests. China has conducted only three intercontinental tests, the fewest among the nuclear-weapon states.”
Li Chijiang, Ambassador for Disarmament Affairs, Geneva · Aug 114
“Looking to the coming five years, our consumer market enters a critical period of growth and quality. Yet contradictions and problems still restrain the release of consumption potential.”
Officials, central planning agency and commerce ministry · Aug 91
“Let the market play the decisive role in setting the exchange rate, keeping the yuan basically stable at a reasonable, balanced level; advance the yuan's internationalization.”
People's Bank of China, Five-Year Reform and Development Plan · Aug 102
“Coal is our greatest source of confidence in stable energy supply. We must proceed from this national condition and build up the coal bases.”
Wang Hongzhi, head of the National Energy Administration · Aug 76
“Erecting barriers will not stop Chinese artificial intelligence from going global; it will cut off American startups' technology supply and raise innovation costs across the industry.”
People's Daily commentary, “Heyin” column · Aug 108
“On the Taiwan region's participation in international organizations, China's position is consistent and clear: it must be handled according to the one-China principle.”
Guo Jiakun, Foreign Ministry spokesperson · Aug 119
Sources
- Ministry of Commerce · National Development and Reform Commission, “Officials of the National Development and Reform Commission and the Ministry of Commerce answer questions on the Expanding Consumption Five-Year Plan,” Aug 9, 2026. mofcom.gov.cn/xwfb/…/expanding-consumption-plan
- People's Bank of China, “The People's Bank of China issues its Five-Year Reform and Development Plan,” Aug 10, 2026. pbc.gov.cn/goutongjiaoliu/…/reform-development-plan
- National Bureau of Statistics, “Producer prices for industrial products rose 3.5% year-on-year in July 2026,” Aug 9, 2026. stats.gov.cn/sj/zxfb/…/july-producer-prices
- China Military Online, “China sharply rebuts the U.S.-manufactured joint statement on ‘ballistic missile launch notification’,” Aug 11, 2026. 81.cn/ss_208539/…/disarmament-conference-rebuttal
- People's Daily · CPC News, “The environmental code lays the rule-of-law foundation for ecosystem governance,” Aug 12, 2026. theory.people.com.cn/n1/…/environmental-code
- National Energy Administration, “‘Three cards’ underpin confidence in energy security” (on the New Energy System Five-Year Plan), Aug 7, 2026. nea.gov.cn/20260807/…/new-energy-system-plan
- Ministry of Commerce, “Spokesperson on the preliminary ruling in the anti-dumping investigation into pecans originating in Mexico and the United States,” Aug 10, 2026. mofcom.gov.cn/xwfb/…/pecan-antidumping-preliminary
- Cyberspace Administration of China, “Openness and mutual benefit is the only road for artificial-intelligence development” (People's Daily “Heyin” commentary), Aug 10, 2026. cac.gov.cn/2026-08/10/…/open-source-ai-commentary
- Ministry of Foreign Affairs, “Spokesperson Guo Jiakun answers questions from reporters, August 11, 2026,” Aug 11, 2026. mfa.gov.cn/wjdt/fyrbt/…/20260811-press-conference