Government Overhaul

China Government Overhaul News - Caixin Global

The Chinese government has been going through one of the largest reshuffles in its recent history, as the country strives for greater efficiency in economic, social and environmental management through the reallocation of power.

Approval of Sweeping Government Overhaul to Address Nation’s Issues

Move will boost coordination among State Council, Communist Party, military, experts say

11 25, 2022 21:15 PM

China Fires Starting Gun on Personal Pension Scheme

First phase of the rollout will cover 36 cities and regions including Beijing, Shanghai and Chengdu, allowing workers to save up to 12,000 yuan a year tax free

11 25, 2022 19:30 PM

PBOC to Cut Banks’ Reserve Requirement Ratio to Support Economy

The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending

11 24, 2022 08:39 AM

China Designates First Seven Investments for Personal Pension System

Consumers can buy into offerings from China Life, People’s Insurance, Taiping Life, Taiping Pension, Taikang Life and National Pension

11 24, 2022 08:21 AM

China Signals Likely Reserve Requirement Cut to Aid Growth

People’s Bank of China expected to slash banks’ required reserves, unleashing liquidity into the economy

11 23, 2022 09:29 AM

CX Daily: China’s Struggle for Data Security

China rolls out a set of new guidelines to further refine its Covid response. The country is moving closer to launching its personal pension system

11 22, 2022 20:16 PM

China Fleshes Out ‘Optimized’ Covid-19 Response

The measures, contained in four separate documents, follow Beijing’s 20-point guideline announced on Nov. 11, signaling the country’s move toward a more targeted approach to curbing outbreaks

11 22, 2022 06:21 AM

Opinion: China Needs to Break the Stalemate on Smarter Covid Control

State Council’s 20-point plan to make pandemic prevention more scientific runs into doubt and fear among local authorities carrying it out

11 21, 2022 20:05 PM

Editorial: China and U.S. Can Prevent a New Cold War

Both sides should steer away from conflict and confrontation by improving communication. Cooperation is the best choice for the two countries

11 21, 2022 07:03 AM

Cover Story: China’s Halting Steps to Dial Back ‘Zero Covid’

As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks

11 16, 2022 04:07 AM

China’s SOEs Grew Almost Twice as Fast as Economy in 2021

Government turns to state-owned enterprises as economic engine of last resort in the face of pandemic pressures

11 14, 2022 21:14 PM

Editorial: Take a Gradual Path to Resuming Face-to-Face Cross-Border Activities

The resumption of normal cross-border activities does not mean that China is letting go of its anti-pandemic controls overnight. Rather, it signals more balanced coordination between pandemic prevention and economic growth

11 11, 2022 20:00 PM

Update: China Loosens ‘Zero-Covid’ Controls on Quarantine, Inbound Flights

Health authorities cut down the amount of time overseas travelers have to spend in isolation and ended the country’s ‘circuit breaker’ mechanism for inbound flights

11 11, 2022 05:17 AM

China Revises Rules to Boost Contributions to State Insurance Bailout Fund

On top of mandatory rates, insurance companies will have to pay fees related to their risk levels as authorities beef up the $25.2 billion fund

11 09, 2022 21:03 PM

In Depth: Battle Begins for China’s Private Pension Funds

Institutions are rushing to bring investment products to market in wake of government plan to grow the underdeveloped sector

11 09, 2022 05:35 AM

Analysis: Will Scholz’s Visit Help BioNTech’s Covid Shot in China?

World’s most widely used mRNA vaccine languishes unapproved in China as Fosun Pharma and BioNTech see window of opportunity closing

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