Group 1 - The meeting of the Standing Committee of the National People's Congress (NPC) focused on various legislative proposals, including the draft law on promoting the development of the private economy, which aims to enhance legal protections for labor rights and create a favorable legal environment for high-quality development of the private sector [2] - The revision of the Infectious Disease Prevention Law was discussed, emphasizing the responsibilities of health authorities and improving measures for epidemic control and medical institution capabilities [2] - The draft amendment to the Atomic Energy Law was presented, highlighting the importance of a rational and coordinated approach to nuclear safety and promoting the application of nuclear technology in various fields [2] - The revision of the Arbitration Law was also reviewed, which includes provisions for enhancing international cooperation in arbitration and improving the support system for arbitration by courts [2] Group 2 - The compilation of the Ecological Environment Code is a significant legal initiative aimed at integrating existing environmental laws and reflecting Xi Jinping's ecological civilization thought [3] - The State Council proposed a draft law on national development planning to enhance macroeconomic governance and ensure the implementation of national development strategies [3] - A draft amendment to the Prison Law was introduced to improve prison safety and the quality of education and rehabilitation for inmates [3] - The State Council also presented a proposal for adjusting the Seed Law regulations in the Xinjiang Free Trade Zone [3] Group 3 - The meeting included discussions on international treaties, such as the agreement on the transfer of sentenced persons with Ethiopia and the judicial cooperation agreement with Saudi Arabia [4] - The report on the 2024 environmental status indicated that all ecological quality improvement targets were met, with public satisfaction exceeding 90% for four consecutive years [4] - The report on state-owned asset management for 2023 highlighted the handling of audit findings and the implementation of corrective measures [4]

Core Points - The National Development Planning Law draft was submitted for the first time to the Standing Committee of the National People's Congress for review on April 27 [1] - The draft consists of 4 chapters and 31 articles, covering overall requirements, formulation of national development plans, and implementation of these plans [1] - The draft aims to formalize the institutional arrangements that have developed over time, which include centralized leadership by the Party, planning suggestions from the Party Central Committee, preparation of planning outlines by the State Council, and approval by the National People's Congress [1] - The law seeks to enhance the implementation guarantee mechanism for national development planning, providing institutional support for scientifically formulating and effectively implementing national development plans [1]

Focus on Key Points - China plans to establish laws such as the Private Economy Promotion Law, National Development Planning Law, and Financial Law, which are significant for enhancing the legal framework of the socialist market economy and promoting high-quality economic development [3][4] - The Private Economy Promotion Law will clarify the important role of the private economy in the national economy and provide legal support for the healthy development of private enterprises [4] - The Financial Law aims to improve the financial legal system, filling existing gaps and providing foundational legal guarantees for the stable operation of financial markets [4] Major Meetings - The Minister of Housing and Urban-Rural Development, Ni Hong, emphasized the need to stabilize the real estate market and continue efforts to ensure housing delivery, including increasing loan support and promoting urban village renovations [6] Major Policies - The State Council issued guidelines on enhancing the "Five Major Financial Articles," focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance to accelerate the construction of a strong financial nation [7] Major Events - The People's Bank of China has increased its gold reserves for the fourth consecutive month, reaching 7,361 million ounces (approximately 2,289.53 tons), which is a strategic move to mitigate asset depreciation risks due to the weakening dollar [8] Important Data - In February 2025, the Consumer Price Index (CPI) decreased by 0.7% year-on-year, influenced by factors such as the timing of the Spring Festival and favorable weather conditions for fresh vegetable supply [9][10]