China Daily Brief
Friday, July 31, 2026
Covering 7 articles
Politburo Sets October Fifth Plenum Date, Signals Moderately Loose Monetary Policy
The Communist Party of China's Politburo met under General Secretary Xi Jinping, scheduling the Fifth Plenary Session for October 2026 to focus on Party governance. Leaders also signaled stronger counter-cyclical economic policies, calling for proactive fiscal measures and moderately loose monetary policy to navigate H2 headwinds and sustain economic momentum.
Read full articleChina's military and cyberspace authorities have launched a six-part television documentary, 'Winning,' highlighting joint combat readiness and technological upgrades across service branches. Airing on CCTV ahead of Army Day, the series reinforces absolute Party leadership and targets the PLA's 2027 centenary modernization goals.
Chinese Biopharma Gains Global Momentum with Record Out-Licensing Deals
Business & IndustryDriven by high-level support in the 15th Five-Year Plan, China's biopharmaceutical sector accounted for 33.7% of global pipeline drugs in 2025. With out-licensing deals surmounting $130 billion and 76 innovative drug approvals, domestic firms are swiftly pivoting from follower treatments to advanced novel modalities like ADCs.
Former STAR Market Official Expelled from CPC Over IPO Corruption
Policy & GovernanceFormer senior regulator Cao Jian has been expelled from the Chinese Communist Party and public office for abusing his position during the STAR Market listing process. Authorities allege Cao accepted substantial bribes, leaked confidential work secrets, and engaged in regulatory rent-seeking, transferring his case for criminal prosecution.
The Shanghai Stock Exchange hosted 'Capital Market Shanghai Day' in Switzerland, showcasing six high-tech listed companies to European institutional investors. The international roadshow underscores Beijing's efforts to deepen cross-border capital market engagement and highlight the growth potential of Chinese assets.
Official data from the National Intellectual Property Administration reveals that China held 2.36 million high-value invention patents by mid-2026, reaching 16.8 patents per 10,000 residents. The steady milestone reflects Beijing's structural push to prioritize patent quality and fortify key tech innovation sectors.
PLA Commentary Stresses Party Spirit in Cadres — A PLA Daily commentary stressed that tempering Party spirit is fundamental to maintaining political loyalty, organizational purity, and combat readiness across military cadres.
Today's brief highlights Beijing's dual emphasis on economic stabilization through counter-cyclical stimulus and disciplined governance across both financial regulators and the military ahead of October's Fifth Plenum.