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Looking at the Focus of China's Economy in the First Year of the 15th Five Year Plan from the Central Economic Work Conference
The 2025 Central Economic Work Conference (Dec 10-11, Beijing) summarized 2025 economic work, analyzed current situation, deployed 2026 work for the 15th Five-Year Plan's good start, focusing on domestic market, new drivers, reform, green transformation, people's livelihood, risk resolution, with proactive macro policies.
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The National Retail Industry Innovation and Development Conference was held in Beijing
The National Retail Industry Innovation and Development Conference was held in Beijing on Dec 9-10, focusing on 15th Five-Year Plan retail innovation, modern retail system construction, 14th Five-Year achievements, and boosting domestic circulation. Reps from various sectors attended to discuss policies and exchange experiences.
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Li Qiang presides over the State Council executive meeting to study and further improve energy conservation and carbon reduction work
Premier Li Qiang presided over a State Council executive meeting on December 5 to discuss energy conservation and carbon reduction, regulate enterprise-related administrative law enforcement, review the Administrative Law Enforcement Supervision Regulations (Draft), discuss the National Fire and Rescue Personnel Law (Draft), and deploy tobacco-related illegal activity crackdown measures.
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Li Qiang held a "1+10" dialogue meeting with heads of major international economic organizations
Li Qiang addressed global governance and open cooperation at an event with international org heads (theme: "Discussing Global Governance and Seeking Global Development Together"). China's economy progresses under pressure, 15th Five-Year Plan approved, and China will keep opening up. International orgs praised China's contributions and seek cooperation. Wu Zhenglong participated.
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Li Qiang separately met with the heads of the World Bank, International Monetary Fund, and United Nations Conference on Trade and Development
Li Qiang stated global economic challenges, China's 15th Five Year Plan measures (domestic demand, modern industrial system, opening up), support for multilateralism & cooperation with int'l organizations; Peng Anjie et al. recognized China's role in world economic growth.
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The General Administration of Customs held a video conference among the customs of Hainan, Guangdong, and Guangxi to mobilize and deploy the operation of the Hainan Free Trade Port's closure
The General Administration of Customs held a video conference with Hainan, Guangdong, Guangxi customs to mobilize for the upcoming island-wide closure of Hainan Free Trade Port (Dec 18). Sun Meijun delivered a speech, emphasizing its milestone significance for China's high-level opening-up and outlining customs' tasks like risk prevention and regional cooperation.
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The China ASEAN Free Trade Area 3.0 version is an important milestone in regional economic integration (International Forum)
The China-ASEAN Free Trade Area (CAFTA) 3.0 is a milestone in regional economic integration, injecting new momentum into global southern cooperation via open, inclusive, green, and digital frameworks. It upgrades trade/investment rules, supports digital/green sectors, enhances supply chain resilience, and aligns with high standards, benefiting ASEAN and China while setting a global South paradigm.
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During his meeting with the Director General of the World Trade Organization, He Lifeng pointed out that China firmly supports the multilateral trading system and will work with all parties to maintain an open, stable and predictable international trade environment
Chinese Vice Premier He Lifeng met WTO Director General Evira in Beijing on Dec 9. He stated China supports WTO-centered multilateral trading system, opposes unilateralism/protectionism, will join WTO reform and promote trade liberalization. Evira praised China's multilateralism adherence and hoped for WTO framework cooperation.
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Vice Minister Ling Ji and Deputy Representative for International Trade Negotiations held video talks with the President of the German Automotive Industry Association and the President of the European Automotive Industry Association respectively
Vice Minister Ling Ji held video talks with German/European auto industry representatives, exchanging views on China-Europe/Germany automotive cooperation, electric vehicle anti-subsidy case, and Anshi Semiconductor supply chain issues.
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Minister of Commerce Wang Wentao Meets with Secretary General of the United Nations Conference on Trade and Development Greenspan
On December 8th, Commerce Minister Wang Wentao met with UNCTAD Secretary General Greenspan in Beijing. They discussed global economic and trade situation, pragmatic cooperation, and China's 15th Five-Year Plan. China supports multilateralism and UN's 2030 Agenda, while UNCTAD appreciates China's initiatives and is willing to strengthen cooperation.
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Persist in cultivating new opportunities and exploring new prospects through open cooperation - China and the world share opportunities and develop together
In 2025, China continues high-level opening-up. Its foreign trade shows resilience (Ningbo-Zhoushan Port hits 40m TEUs, mechanical/electrical exports up 8.8%), foreign investment remains attractive (54k new FIEs, +14.7%), institutional opening-up (Hainan FTP, 22 pilot FTZs) advances, and Belt and Road cooperation deepens, bringing global opportunities.
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Expand high-level opening-up to the outside world (studying and implementing the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China)
The article presents the Proposal for China’s 15th Five-Year Plan on expanding high-level opening up, covering its significance (driving high-quality development, meeting people’s needs, promoting globalization, building a community with shared future), key principles, and main tasks (independent opening, trade innovation, BRI co-construction).
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