National Development and Reform Commission (NDRC)

Rule Changes

Ran the security review that blocked the deal

ABB builds more than 90% of the robots it sells in China inside China, at a factory in Shanghai's Pudong district. On November 4, the country's foreign-investment security review told SoftBank it could not buy the business that runs it.

Updated 4 days ago

Money Moves

Drafting a 2026-2030 plan to expand domestic demand

China's economy grew 4.5% in the third quarter, beating forecasts and lifting growth for the first nine months to 4.6%. That keeps 2026 inside Beijing's 4.5%-5% target, provided the fourth quarter holds.

Updated Oct 20

Money Moves

As of October 2026: Ordered the Meta-Manus deal unwound

Meta has abandoned its $2 billion purchase of Manus, a Chinese-founded AI startup, after Beijing ordered the deal unwound. Manus raised over $500 million in October, bought back Meta's stake, and now operates independently with Tencent as its lead backer.

Updated Oct 12

Money Moves

As of October 2026: Coordinating stimulus and infrastructure investment

China's factory activity expanded in September for the first time in three months. The official purchasing managers' index (PMI) climbed to 50.1 from 49.8 in August, crossing the line that separates growth from contraction.

Updated Oct 2

Built World

As of May 2026: Approved $42B in early 2026 infrastructure projects

China just front-loaded $42 billion in infrastructure spending for early 2026—281 projects approved before the calendar even flipped. The U.S. Infrastructure Investment and Jobs Act, passed with $1.2 trillion in 2021, has spent just 21% of its funds as of December 2024.

Updated May 19