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Advocacy

Unpacking the 14th Five-Year Plan for the Development of Commerce

MOFCOM has announced a target of attracting USD 700 billion in foreign direct investment cumulatively within the next five years. The Plan pledges to continue opening up to foreign investment, with a particular focus on market opening, fair competition and local-level policy innovations. Strengthening the government’s ability to mitigate risks, from oversight of cross-border technology transfers to national security review mechanisms, is also a key theme.

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Advocacy

China’s Leading Small Group on Carbon Neutrality: Why Is It Needed?

China’s new Leading Small Group (LSG) on peak carbon and carbon neutrality was announced on the 27th LSGs are informal mechanisms that allow for high-level coordination between different departments and local governments on specific policy areas. The LSG on carbon neutrality includes several key ministries and significant political figures, and is focused on a challenge that President Xi has personally tied himself to – all of which should grant it strong influence compared to other LSGs.

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