The Promotion of the Private Economy Law of the People's Republic of China Passed
China passed and implemented the Private Economy Promotion Law on May 20, the first foundational law in New China specifically regulating the private economy.
China passed and implemented the Private Economy Promotion Law on May 20, the first foundational law in New China specifically regulating the private economy.
Incumbent CSRC Vice Chairman Wang Jianjun is under investigation.
On April 25, 2025, a Chinese netizen was criminally detained by police on suspicion of picking quarrels and provoking trouble, for circumventing the Great Firewall to fill in real working conditions such as evening overtime at a former employer on an overseas job-seeking website, prompting questions about the abuse of pocket offenses and the conviction of online speech.
From 2010 to 2024, the permanent resident population of the three northeastern provinces dropped by 14.56 million from a peak of 109 million, including 2.23 million in Liaoning, 4.293 million in Jilin, and 8.043 million in Heilongjiang, bringing the total back to the level of the 1980s.
April 10, 2025, the White House clarified that the newly imposed 125% “reciprocal tariff” on China, combined with the previously imposed 20% tariff due to fentanyl, brings US tariffs on most Chinese goods to a total of 145%.
The Trump administration had raised tariffs on Chinese goods to 145% earlier this year, after which China and the United States temporarily lowered tariffs and maintained a trade truce. Trump said relevant talks would be held during the summit.
On April 9, 2025 (US Eastern Time), after violent swings in the bond and stock markets, Trump announced a 90-day suspension of reciprocal tariffs (except for China), and the three major US stock indexes immediately surged.
The Political Bureau of the CCP Central Committee made a rare decision to swap the ministerial positions of Li Ganjie, then head of the Organization Department of the CCP Central Committee, and Shi Taifeng, head of the United Front Work Department of the CCP Central Committee.
On April 2, 2025, Trump announced "Liberation Day" reciprocal tariffs, imposing a minimum 10% tariff on imports from around the world, triggering a sharp decline in global financial markets.