Core Points - The draft of the National Development Planning Law aims to establish a legal framework for the formulation and implementation of national development plans, enhancing the governance system and promoting high-quality development [1][2][3] - The law will formalize existing practices in the planning process, ensuring that all parties involved have clear rights and responsibilities [2][3] - The draft outlines the necessary components of national development plans, including environmental analysis, guiding principles, main objectives, key tasks, major policies, and implementation guarantees [3][4] Group 1: Legislative Intent - The legislation is intended to transition from policy-driven to law-driven planning, enhancing the authority, standardization, and transmission of development plans [2][3] - It emphasizes the importance of public participation and expert consultation in the planning process [3][4] - The law aims to improve the scientific, democratic, and legal aspects of planning, thereby better guiding resource allocation and market behavior [3][6] Group 2: Implementation and Coordination - The draft specifies the need for coordination between annual plans and various levels of planning to ensure consistency in macroeconomic policies [5][6] - It establishes a dynamic monitoring and evaluation system for the implementation of national development plans [5][6] - The law mandates that all regional and departmental policies align with the national development plan's objectives and directions [7][8] Group 3: Accountability and Enforcement - The draft includes accountability measures for violations during the planning and implementation processes, enhancing the rigidity of execution [8] - It stipulates that the implementation of national development plans will be a key reference for assessing the performance of local governments and departments [7][8] - The law aims to address issues of insufficient coordination and scientific planning, thereby reinforcing the strategic and authoritative nature of development plans [6][7]

Group 1 - China's economy has shown a stable and positive start in 2025, attributed to collective efforts, strong confidence, and effective policies [1][3] - The macroeconomic governance system in China has improved, with a well-stocked policy toolbox that enhances the foresight, targeting, and effectiveness of macro-control [1][3] - The first humanoid robot half-marathon was successfully held in Beijing, showcasing advancements in embodied intelligence supported by government policies [1][2] Group 2 - In Q1 2025, China's high-tech industry sales revenue increased by 13.4%, while the new energy vehicle manufacturing sector saw an 18.6% rise, indicating strong innovation-driven growth [2] - The small and medium-sized enterprise development index rose to 89.5 in Q1 2025, reflecting improved operational conditions for businesses [2] - Consumer goods retail sales in categories like communication equipment and cultural office supplies grew over 20% in Q1 2025, driven by policies promoting consumption [3] Group 3 - The government is focusing on policy implementation to boost consumer confidence and support businesses, addressing issues like delayed payments and financing difficulties [4] - External pressures, such as tariffs, pose challenges to economic stability, but China is prepared to handle uncertainties with proactive macro policies [4] - The emphasis on supply-side structural reforms aims to stimulate domestic economic vitality and enhance overall economic resilience [4]

Overall Requirements - The document emphasizes the importance of price governance as a key aspect of macroeconomic management, aiming to deepen price reform and improve the price governance mechanism in China [2]. Group 1: Market Price Formation Mechanism - The document advocates for the market-oriented reform of electricity pricing, including the establishment of a market-based pricing mechanism for electricity, natural gas, and coal [3][4]. - It highlights the need to create a competitive market environment by abolishing policies that hinder fair competition and ensuring fair access to essential services like electricity and gas [4]. - The document calls for the development of trading markets for key commodities, including oil, gas, and coal, to enhance price formation [3]. Group 2: Price Guidance Mechanism - The document proposes improving agricultural price policies to ensure stable and safe supply of essential food products, including minimum purchase prices for rice and wheat [5]. - It emphasizes the need for energy price policies that support green and low-carbon transitions, including the establishment of pricing mechanisms for natural gas and renewable energy [5]. - The document suggests creating a pricing policy for public data to facilitate the development of the digital economy [7]. Group 3: Price Regulation Mechanism - The document stresses the importance of regulating overall price levels by considering supply and demand dynamics, economic growth, and external influences [8]. - It outlines the need for a long-term mechanism to stabilize prices of essential goods, focusing on production capacity and market balance [8]. - The document highlights the importance of emergency measures to manage price fluctuations for critical commodities [9]. Group 4: Market Price Supervision Mechanism - The document calls for the establishment of a comprehensive market price behavior regulation system to maintain order and prevent unfair competition [10]. - It emphasizes the need for enhanced price supervision and inspection, particularly in sectors with high public interest [10]. - The document advocates for a collaborative governance model involving industry self-regulation, social oversight, and government regulation [10]. Group 5: Capacity Building for Price Governance - The document highlights the need to improve price monitoring and early warning systems to enhance responsiveness to market changes [11]. - It calls for strengthening cost auditing and investigation to ensure effective cost control and transparency [11]. - The document emphasizes the importance of updating legal frameworks related to price governance to adapt to new challenges [11]. Group 6: Implementation and Leadership - The document stresses the necessity of strong leadership from the Communist Party in implementing price governance measures [12]. - It calls for local governments and departments to prioritize price governance and adapt policies to local conditions [12].