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Approval of Sweeping Government Overhaul to Address Nation’s Issues
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Approval of Sweeping Government Overhaul to Address Nation’s Issues

Caixin Staff
Caixin, 2018
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Editorial Rating

7

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Recommendation

The most headline-grabbing decision of the 2018 National People’s Congress (NPC) in China was a constitutional amendment abolishing presidential term-limits, paving the path for President Xi Jinping to stay in office indefinitely. Other constitutional changes have remained largely below the radar of the Western media but may have an equally decisive impact on the course of the country. Caixin explains how this year’s NPC has laid the groundwork for a major reorganization of the Chinese government. getAbstract recommends this informative overview of Chinese ministry consolidation to everybody doing business in China.

Take-Aways

  • China’s central government is reducing the number of agencies to eliminate overlapping responsibilities, promote better interagency cooperation and improve government oversight.
  • China has consolidated market supervision under the new State Market Regulatory Administration.
  • The new Ministry of Natural Resources will take over regional economic planning in addition to managing the country’s natural wealth. 

About the Author

The writers are reporters and editors for the business magazine Caixin.

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