Why is a unified national market now so vital for Beijing’s policymakers?

“It means I can only open one restaurant in Shenzhen and where can I find seven other people I trust to apply [for permits] on my behalf?” Liang said. She is now considering accepting her losses and pulling out of the venture as the outlook becomes unpalatable. Such yawning discrepancies in approval and market supervision … Read more

What explains the changes to Hong Kong leader’s annual duty visit to Beijing? They signal Chinese President Xi Jinping’s bigger, more direct role in city affairs, observers say

For Hong Kong, led by Chief Executive John Lee Ka-chiu, the changes could result in improved execution of policies in matters of national security and district administration, policy pundits said after analysing remarks from Xi and Lee. President Xi Jinping presides over Monday’s meeting with John Lee sitting to his right and Premier Li Qiang … Read more

Chinese Premier Li Qiang picked to head finance commission as Xi Jinping delegates duties

Li’s role was confirmed on Monday, when he was mentioned as the chair of a meeting of the new commission in a report by state news agency Xinhua. The late Li Keqiang never headed any top Communist Party groups in his decade as China’s premier. Photo: dpa The CFC was set up in March to … Read more