Highlights of major economic policies in 2022

Ministry of Commerce

Expand comprehensive pilot zones for a new batch of cross-border e-commerce.

Starting in 2022, the Regional Comprehensive Economic Partnership (RCEP) agreement will come into force.

Formally apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) in 2022.

State Administration of Foreign Exchange

Improve the management of foreign exchange reserves.

Optimize foreign exchange services, focusing on small and medium-sized import and export enterprises, and guide them to better manage exchange rate risks.

Open up capital accounts in a prudent and orderly manner.

Ministry of Industry and Information Technology

Ensure the launch of major projects planned for the 14th Five-Year Plan (2021-25).

Improve the core competitiveness of the manufacturing sector, and coordinate key tasks such as strengthening and reinforcing industrial supply chains, tackling key technological challenges, green and low-carbon transformation, digitalization transformation, and enhancing the supply capacity of information and communications services.

State-owned Assets Supervision and Administration Commission

Make sure to complete the major tasks in three years of SOE reform before the Party's 20th National Congress.

Actively make clean and efficient use of coal and ensure energy supply with all out efforts.

State Taxation Administration

Continue to do a good job to take solid steps to stabilize employment, finance, foreign trade, foreign investment, domestic investment and market expectations, and fully safeguard residential employment, people's livelihood, market entities, food and energy security, stability of industrial and supply chains and operations at grassroots levels.

Continue to do a good job in extending tax payment deadline for micro, small and medium-sized manufacturing enterprises, and providing services for the Beijing Winter Olympics and Paralympics.

General Administration of Customs

Vigorously standardize and reduce enterprise-related charges for imports and exports.

Expand imports of primary products and key core components in a prudent and orderly manner.