On 11 March 2025, China wrapped up its yearly Two Sessions on a promising note, signalling encouraging prospects ahead. The Two Sessions refer to the annual meetings of the national legislature, the National People’s Congress, and the political advisory body, the National Committee of the Chinese People’s Political Consultative Conference. They bring together policymakers to deliberate on the country’s key economic and social policy direction for the year. Marking the last year of the 14th Five-Year Plan, 2025 prioritises stability while concurrently building on forward momentum for growth and development.

On 19 February 2025, China’s Ministry of Commerce (“MOFCOM”) and National Development and Reform Commission jointly issued the 2025 Action Plan for Stabilising Foreign Investment (“Action Plan”). Policymakers have repeatedly affirmed the pivotal role played by foreign investment in the pursuit of high-quality opening-up. The Action Plan, therefore, serves as the logical and natural continuation of these long-standing efforts to nurture innovative productive forces. The 20 measures under 4 aspects specified in the Action Plan are to be implemented nationwide by the end of 2025. Details regarding ancillary measures to facilitate their effective and efficient implementation will be released in due course.