These macro-level policy developments indicate the Chinese government’s decision to further open the economy, and to place increasing emphasis on improving people’s livelihood. Noteworthy policy items include:

  •  President Xi Jinping delivered a keynote speech at the opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2018
  • MOF released 2018 Expenditure Budget Plan
  • State Council released Guiding Opinions on Comprehensively Deepening Hainan Province’s Reform and Opening-Up
  • State Council Customs T ariff Commission released Adjustments on Tariff Rate for Imported Drugs
  • SDA released the Implementation Measures for Drug Data Production for public comment

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