Policy Insights

Advocacy

Year of the Tiger: What are our predictions for 2022?

As 2022 begins, we’re running you through some of the major developments that we’ll be watching for in the next year, and what British businesses in China need to keep in mind. Read on to find out what the key trends will be in 2022 in UK-China relations, pandemic issues, climate change, and many other key issues.

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Advocacy

The Sixth Plenum: China’s leadership adopts new historical resolution for only the third time in 100 years

At the Sixth Plenum, the 19th CPC Central Committee adopted a rare historical resolution on the “major achievements and historical experience” of the CPC in the century since its founding as well as its “future directions.” The Sixth Plenum was particularly important as it took place at a critical historic juncture in the CPC’s plans to achieve “national rejuvenation” through two centennial goals – the building of a “moderately prosperous society” by 2021 and transforming China into a “great modern socialist country” by 2049. In the “new era,” Chinese authorities can be expected to further intensify efforts to build a more self-reliant, sustainable, and inclusive economy at home, while pursuing an increasingly assertive foreign policy abroad. Going forward, businesses should be aware that the concept of achieving “common prosperity” will be at the heart of the official economic agenda.

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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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