It was puzzling that the leadership did not make more of significant ‘Guiding opinions’ on central-local fiscal relations, which re-centralise many expenditure responsibilities like environmental impact assessments. 5-year plans continue thick and fast, with MIIT releasing two: a sci-tech plan to transform industry through innovation, and one to internationalise SMEs. CBRC’s new P2P regulations put platforms on the backfoot. PBoC blamed divergent M1 and M2 growth on anything but a liquidity trap. Shandong’s ocean granary plan aims to shore up food security.
August: central-local fiscal rebalancing
August: central-local fiscal rebalancing
August: central-local fiscal rebalancing
It was puzzling that the leadership did not make more of significant ‘Guiding opinions’ on central-local fiscal relations, which re-centralise many expenditure responsibilities like environmental impact assessments. 5-year plans continue thick and fast, with MIIT releasing two: a sci-tech plan to transform industry through innovation, and one to internationalise SMEs. CBRC’s new P2P regulations put platforms on the backfoot. PBoC blamed divergent M1 and M2 growth on anything but a liquidity trap. Shandong’s ocean granary plan aims to shore up food security.