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china’s economic policy: reform and change

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in 2024, china's economic policy will take on a new posture and direction. duty-free shops, elderly care services, food safety, and central kitchen construction have all seen major policy adjustments and upgrades. among them, guangzhou, chengdu, shenzhen and other cities have established city-wide duty-free shops and will implement relevant policies from october 1, 2024. this marks that china's economy has begun to explore new growth points and gives duty-free shops more room for development.

the state will focus on the management of advance collection of elderly care service fees and formulate a new policy that "the advance collection period of elderly care service fees shall not exceed 12 months, and refunds that comply with the agreement shall not be refused" to supervise elderly care service institutions to ensure that the rights and interests of the elderly are protected. at the same time, the labeling of the net content of quantitatively packaged products will also undergo major changes. it is clearly stipulated that the number part shall not exceed 3 significant figures at most, and it shall be "clearly visible".

in terms of stamp duty policy, the state will provide policy support for the reform and reorganization of enterprises and the restructuring of public institutions, and will provide exemptions and exemptions to newly established enterprises and public institutions. the construction standards of central kitchens have also been strengthened to provide guidance for establishing a better service system.

audiobooks usher in a new starting point

on october 1, 2024, china's national standards officially implemented the "audiobook" national standard, marking a new stage of development in this field. the implementation of national standards will regulate the industry and promote the creation and dissemination of high-quality audiobooks. this not only reflects the country’s support for the audiobook industry, but also represents the direction of industry standardization and high-quality development.

future outlook

china's economic policies continue to be updated to inject new impetus into economic development. at the same time, it also requires joint efforts from all sectors of society to continuously improve regulatory mechanisms and promote economic transformation and upgrading. with the in-depth implementation of policies, china's economy will usher in new development opportunities and achieve greater progress.

asia building materials co., ltd.
asia building materials co., ltd.
asia building materials co., ltd.
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