GMT EIGHT - Economy&politics - China

Regarding Trump's visit to China, China responds.

Lin Jian said that both China and the United States are maintaining communication on President Trump's visit to China.

Ministry of Transportation: From May 1st to 5th, the total number of cross-regional passenger trips in the whole society was approximately 1.517 billion person-times.

On May 6, the Ministry of Transport announced that from May 1 to May 5, the total number of inter-regional passenger trips in the entire society was 151.7128 million, with an average of 30.34256 million per day, an increase of 3.49% year-on-year.

State Administration for Market Regulation: Launching a special action to improve the quality and efficiency of anti-monopoly law enforcement to stop the abuse of administrative power to exclude or restrict competition.

The meeting emphasized the need to deepen the construction of a unified national large market, launch special actions to prevent abuse of administrative power, exclusion, and restriction of competition through anti-monopoly law enforcement, comprehensively use standards, price law enforcement, quality supervision, and other means, and deepen the regulation of "internal competition. " Accelerate the construction of a trusted consumer environment, strengthen the resolution of consumer disputes at the source, and enhance consumer rights protection capabilities.

National Immigration Administration: During this year's "May 1st" holiday, 11.279 million people entered and exited the country, an increase of 3.5% compared to the previous year.

The National Immigration Administration announced on May 6th that during this year's May Day holiday, border control agencies across the country facilitated the entry and exit of 11.279 million Chinese and foreign nationals. This amounts to an average of 2.256 million people per day, an increase of 3.5% compared to last year's May Day holiday.

The State Administration for Market Regulation has approved the establishment of a national working group for the standardization of intelligent medical devices.

Recently, the State Administration for Market Regulation approved the establishment of a national intelligent medical device standardization working group, which will be managed by the National Medical Products Administration.

Ministry of Transportation: On May 3, the total inter-regional passenger flow of the whole society was 300.56 million, an increase of 1% compared to the previous period.

On May 3, 2026, the total cross-regional population flow in the whole society was 30,056.4 million person-times, an increase of 1% compared to the previous month and an increase of 3.7% year-on-year. The railway passenger volume was 1859.8 million person-times, a decrease of 6% compared to the previous month and an increase of 2.5% year-on-year.

Ministry of Transport: From April 27th to May 3rd, the national railway transported 80.81 million tons of goods, an increase of 1.63% compared to the previous period.

From April 27th to May 3rd, the national railway transported 8080.1 million tons of goods, an increase of 1.63% compared to the previous period; the number of trucks passing through national highways was 4806.1 million, a decrease of 15.4% compared to the previous period; the monitored ports handled a total of 27823.4 million tons of goods, an increase of 7.64% compared to the previous period, and handled 694.7 million standard containers, an increase of 4.37% compared to the previous period.

Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, attended a series of meetings including the ASEAN and China-Japan-Korea Central Bank Governors Meeting.

On May 3rd, Zhu Hexin, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, went to Uzbekistan to attend the ASEAN Plus Three Finance Ministers' and Central Bank Governors' Meeting.

Ministry of Transport: On May 2, the total inter-regional population flow in the whole society was 297.665 million person-times.

On May 2, 2026, the total number of cross-regional personnel movements in the whole society was 29.7665 million, a decrease of 11.8% from the previous month and an increase of 1.7% year-on-year.

Chinese Railways: The national railway is expected to transport 18.55 million passengers today.

During the holiday period, the demand for family visits, tourism, leisure and other travels is very strong, and railway passenger flow remains high.

What considerations led Trump to claim that the US-Iran conflict is "over"?

One is to avoid the 60-day deadline of the War Powers Act, to prevent Republican lawmakers from openly voting for war before the election in order to maintain party unity; the other is to raise the legal threshold to deter the Democratic Party from filing a lawsuit. This move essentially resets a new space for them to use force again without congressional approval.

Spokesperson of the Ministry of Commerce answers questions from reporters on the FCC's review and approval of testing certification and related restrictions in the telecommunications field.

The spokesperson of the Ministry of Commerce stated that the Federal Communications Commission of the United States has abandoned the principle of technological neutrality, generalized the concept of national security, and frequently introduced restrictive measures without factual basis, discriminating against companies and products from countries including China. This seriously harms the interests of China and other relevant trading partners.

The Beijing Stock Exchange has released 18 rules including the "Guidelines for Confirming the Conditions for the Listing of Non-Publicly Issued Corporate Bonds on the Beijing Stock Exchange"

The Beijing Stock Exchange has issued a notice on the "Guidelines for the Confirmation of Listing Conditions for the Non-Public Offering of Corporate Bonds by the Beijing Securities Exchange" and 18 other rules.

Four departments will support localities to carry out commercial storage and purchase of frozen pork reserves.

In order to further implement the decision-making arrangements of the Party Central Committee and the State Council, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce will jointly guide local relevant departments to coordinate the effective use of relevant financial funds, carry out the collection and storage of frozen pork for commercial reserves, and promote the stable operation of the market.

Three departments: Increase the loan investment in science and technology innovation and technological transformation, further supporting equipment upgrades.

Recently, the People's Bank of China, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Notice on Expanding Loans for Technological Innovation and Technological Transformation to Further Support Equipment Updates".

People's Bank of China: Will carry out 300 billion yuan of reverse repurchase operations.

Announcement from the People's Bank of China: In order to maintain the liquidity of the banking system, on May 6, 2026, the People's Bank of China will conduct a 300 billion yuan reverse repurchase operation using fixed quantity, rate bidding, and multiple price bidding methods.

The former vice chairman of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, Yi Huiman, has been expelled from the party and dismissed from public office for serious violations of discipline and laws.

Approved by the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the National Supervisory Commission have initiated a disciplinary and legal investigation into the serious violations of discipline and laws by YI Huiman, former Deputy Director of the Economic Committee of the 20th Central Committee and the 14th National Committee of the Chinese People's Political Consultative Conference.

The Cyberspace Administration of China deploys the special action of "Clearing the Air and Rectifying Chaos in AI Applications".

Recently, the Cyberspace Administration of China issued a notice to deploy a special four-month campaign nationwide to clean up and regulate the chaos in AI applications.

Ministry of Finance: From January to March 2026, the total operating income of national state-owned and state-controlled enterprises decreased by 0.4% year-on-year, and the total profit decreased by 5.1% year-on-year.

On April 30th, the Ministry of Finance released the economic performance of national and state-owned enterprises in the first quarter of 2026.

Ministry of Industry and Information Technology: The scale of revenue from the electronic information manufacturing industry reached 4.31 trillion yuan in the first quarter, a year-on-year increase of 14.8%.

The Ministry of Industry and Information Technology releases the operation situation of the electronic information manufacturing industry in the first quarter of 2026.

MIIT: China's integrated circuit design revenue in the first quarter reached 106.5 billion yuan, a year-on-year increase of 14.0%.

On April 30, the Ministry of Industry and Information Technology released the operating conditions of the software industry in the first quarter of 2026.

National Bureau of Statistics: The Digital China Development Index in 2025 is 170.1, an increase of 12.99% year-on-year.

On the morning of April 30th, the Digital China Development Index was released at the 9th Digital China Construction Summit. By 2025, the Digital China Development Index will reach 170.1, a year-on-year increase of 12.99%, with an expansion of 2.34 percentage points from the previous year, showing an accelerating development trend in the construction of Digital China.

National Development and Reform Commission: The second batch of 91.5 billion yuan in super long-term special national bonds to support equipment renewal funding for 2026 has been allocated.

Recently, the list and funding arrangements for the second batch of 91.5 billion yuan of equipment update projects for the year 2026 have been issued.

National Bureau of Statistics: The Purchasing Managers' Index (PMI) for the manufacturing sector in April was 50.3%, a decrease of 0.1 percentage points month-on-month.

The data shows that in April, the Purchasing Managers' Index (PMI) for the manufacturing industry was 50.3%, a decrease of 0.1 percentage points from the previous month, indicating that the overall level of manufacturing industry is stable.

National Bureau of Statistics: Manufacturing Purchasing Managers' Index maintained expansion in April.

Chief statistician Huo Lihui of the National Bureau of Statistics Service Industry Survey Center interprets the China Purchasing Managers' Index for April 2026.

National Bureau of Statistics: Take multiple measures to support innovative enterprises to accelerate growth and cultivate a group of star enterprises in the data field.

On April 28, Liu Liehong, member of the Party group of the National Development and Reform Commission and Director of the National Bureau of Statistics, presided over a symposium on digital economy for private enterprises during the 9th Digital China Construction Summit.

The State Post Bureau holds a symposium for the leaders of major express delivery companies.

On April 28th, the State Post Bureau held a symposium with the leaders of major express delivery companies.

National News and Publishing Administration: In April, a total of 147 domestic online games were approved.

The State Administration of Press and Publication released information on the approval of domestic online games in April 2026, with a total of 147 games approved, including Giant Network's "Ice and Snow Cage".

State Administration for Market Regulation: Adhering to investigative multiple cases for false advertising such as celebrity endorsement, and legally holding accountable those responsible.

Recently, the State Administration for Market Regulation officially issued a notice on carrying out a special rectification campaign for false advertising in online food sales, and decided to launch a six-month special rectification campaign nationwide starting from now.

Central Bank: By the end of the first quarter, the balance of RMB loans of financial institutions was 28.051 trillion yuan, an increase of 5.7% year-on-year.

On April 29, the People's Bank of China released the statistical report on the lending direction of financial institutions in the first quarter of 2026.

State Administration of Foreign Exchange: In March, China's international balance of payments for goods and services trade import and export scale was 4.9876 trillion yuan.

On April 29th, the State Administration of Foreign Exchange announced the data on China's international balance of goods and services trade in March 2026.

National Data Resource Survey Report (2025) released: The total annual data production reached 52.26 zettabytes in 2025, a year-on-year increase of 27.28%.

On April 29th, the "National Data Resource Survey Report (2025)" was officially released at the 9th Digital China Construction Summit.

State Council: Appoint Liu Haoling as the Vice Chairman of the China Securities Regulatory Commission.

Recently, the State Council decided to appoint Liu Haoling as the Vice Chairman of the China Securities Regulatory Commission.

Ministry of Commerce: National Shenzhen Agricultural Power Group's online retail sales grew by 14.7% from January to March, while the transaction volume of industrial products in the key monitoring industry increased by 10.5%.

On April 29th, the person in charge of the e-commerce department of the Ministry of Commerce introduced the development of China's e-commerce from January to March 2026.

National Bureau of Statistics: The operating income of cultural and related industry enterprises above a certain scale nationwide in the first quarter increased by 6.4%.

In the first quarter of 2026, cultural enterprises achieved operating income of 3.5569 trillion yuan, calculated on a comparable basis, an increase of 6.4% compared to the same period of the previous year.

State Council Customs Tariff Commission: Implementing zero tariffs for all African countries that have diplomatic relations from May 1, 2026.

China will impose zero tariffs on all African countries that have diplomatic relations with China starting from May 1, 2026.

The Cyberspace Administration Department investigates and deals with websites and platforms that illegally generate and synthesize content through apps such as "Jianying" in accordance with the law.

An official from the Office of the National Internet Information Bureau stated that website platforms must strictly adhere to the legal bottom line and red line, and strictly implement the requirements for labeling artificial intelligence-generated synthetic content.

Ministry of Transport: In the first quarter, construction of 1845 road and water transportation projects with an investment scale of over 100 million yuan accelerated, with an investment completion of about 330 billion yuan.

On April 28, the Ministry of Transport will hold its regular press conference in April. They will introduce the situation regarding the service guarantee for the "May Day" holiday travel and answer questions from journalists.

Two departments: By the end of 2026, a "data-model-scenario application" virtuous cycle will be basically formed to promote the high-level empowerment of artificial intelligence in the new industrialization.

On April 28, the General Office of the Ministry of Industry and Information Technology and the Comprehensive Department of the National Bureau of Statistics issued a notice on the joint implementation of the "Digital Resonance" action plan for 2026.

Ministry of Industry and Information Technology: Significant progress in the work of key cities for the "Sailing" action plan for 5G applications in 2025.

The Ministry of Industry and Information Technology recently announced a summary evaluation of the focus cities for the "Setting Sail" 5G application action in 2025, including key indicators and best practices of the focus cities.

Ministry of Industry and Information Technology and four other departments jointly carry out a special law enforcement action to regulate the recycling and utilization of waste power batteries.

The Ministry of Industry and Information Technology and four other departments jointly launched a special law enforcement action to regulate the recycling and utilization of waste power batteries.

The Ministry of Commerce, the State Administration of Traditional Chinese Medicine, and other six departments organized the pilot project for the integration of traditional Chinese medicine services consumption and service trade development.

The Ministry of Commerce, the State Administration of Traditional Chinese Medicine, and six other departments are organizing pilot projects to promote the integration of traditional Chinese medicine services consumption and trade in services.

Ministry of Finance: Appreciates Moody's decision to maintain China's sovereign credit rating and raise the outlook to "stable".

On April 27, relevant officials from the Ministry of Finance responded to questions from reporters regarding Moody's decision to maintain our sovereign credit rating and upgrade the outlook to stable.

National Development and Reform Commission: Prohibition of foreign investment acquisition of Manus project; requires cancellation of transactions.

The Office of the Mechanism for Foreign Investment Security Review (National Development and Reform Commission) legally and in accordance with regulations has issued a prohibition on the foreign acquisition of the Manus project, requiring the parties involved to withdraw from the acquisition transaction.

Our country plans to revise the Agricultural Law to accelerate the construction of a strong agricultural nation.

The draft amendment of the Agricultural Law was submitted for the first review by the 22nd meeting of the Standing Committee of the 14th National People's Congress on April 27th.

China Insurance Association: In the first quarter of 2026, the insurance industry achieved premium income of 2.31 trillion yuan, a year-on-year increase of 6.2%.

On April 27th, the China Insurance Industry Association held its first regular press conference of 2026.

The Corporate State-owned Assets Law, which has been in effect for nearly 17 years, has received its first revision.

The draft amendments to the Law on State-Owned Assets of Enterprises were submitted for first review by the 22nd session of the 14th National People's Congress Standing Committee on April 27th.

Ministry of Commerce: China's foreign direct investment in all industries in the first quarter of 309.45 billion yuan, an increase of 5.4% year-on-year.

According to statistics from the Ministry of Commerce and the State Administration of Foreign Exchange, China's total foreign direct investment in all industries in January-March 2026 was 309.45 billion yuan, a year-on-year increase of 5.4% (equivalent to 44.53 billion US dollars in USD, an increase of 8.9%).

National Bureau of Statistics interpretation: Profit growth of large-scale industrial enterprises accelerated in the first quarter.

In the first quarter, faced with a complex economic environment, the Party Central Committee and the State Council promptly increased macroeconomic control efforts, implemented more proactive macro policies, and the industrial economy steadily rebounded. The profits of industrial enterprises above a certain scale grew faster, the profits of equipment manufacturing and high-tech manufacturing industries increased rapidly, the profits of raw material manufacturing industries grew by double digits, and the profitability of industrial enterprises continued to improve.

National Bureau of Statistics: The profits of China's industrial enterprises above a designated size increased by 15.5% year-on-year in the first quarter of the year.

In January to March, the total profits of industrial enterprises above designated size in the country reached 1.69604 trillion yuan, an increase of 15.5% year-on-year.

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