Policy Snapshots

Navigating China's ever-evolving regulatory landscape can be challenging, which is why we provide valuable insights that help contextualize policy changes. The Policy Snapshot is a bi-weekly briefing on the latest Chinese policies for German companies in China. The Policy Snapshot is shared on the WeChat Channels of the German Chamber and can also be accessed on this site. As a member of the German Chamber, you can also benefit from our more comprehensive report, the Policy Barometer, which is delivered straight to your inbox.

Policy Snapshot – Recent National and Regional Policies in China (June 26, 2024)

EnterprisesEmission Reduction Plans for Four Industries

The National Development and Reform Commission released detailed emission reduction plans for high-polluting industries, including iron and steel, oil refining, ammonia, as well as cement industries. These action plans set quantitative emission reduction targets for each industry and outline the major tasks. 

Our take: These plans are steps derived from the recently released 2024-2025 Energy Conservation and Carbon Reduction Action Plan for energy efficiency and carbon reduction. We expect more similar documents to be released later for other industries.

Emission Reduction Plans for Four Industries


The Regulations on Fair Competition Review

The State Council released the Regulations on Fair Competition Review, which aim to prevent unfair competition and create a fair business environment by reviewing central or local government policies to ensure they do not discriminate against companies or impede competition. The scope of the review covers laws, administrative regulations, local regulations, and specific policy measures related to economic activities. The regulations will take effect on August 1 this year.

Fair competition is essential for the development of companiesin China and for the Chinese economy as a whole. We welcome such steps toensure policies do not harm fair competition. 

Regulations on Fair Competition Review


Further Support for High-Quality Development of Sophisticated SMEs

The Ministry of Industry and Information Technology has issued a document on further supporting the development of sophisticated SMEs, supporting the so-called "Little Giants" for a new momentum, for new technologies and new products, as well as to strengthen the supporting capacity of the industrial chain. From 2024 to 2026, "Little Giants" will be supported in 3 batches through financial incentives and subsidies. Provincial level authorities will issue their own specific implementation plans.

Our take: With this, the Chinese government has re-emphasized the need to help high-tech SMEs with financial incentives and subsidies.

Further Supporting the High-quality Development of Sophisticated SMEs


Read more