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Real-time News
On May 27, the Taiwan Affairs Office of the State Council held a regular press conference. A reporter asked: Regarding Lai Ching-tes speech on the second anniversary of his inauguration, some media outlets in Taiwan have pointed out that the DPPs current strategy has gradually shifted from pursuing "de jure Taiwan independence" to "substantive Taiwan independence in terms of identity and culture." What is your comment on this? Spokesperson Chen Binhua stated that there is only one China in the world, and Taiwan is a part of China. This is an unshakeable historical and legal fact, as well as a universal consensus of the international community. We will never tolerate or condone any form of "Taiwan independence" separatist activities.On May 27, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation of "Promoting the Rule of Law in All Aspects." At the press conference, Huang Wei, Deputy Director of the Legislative Affairs Commission of the Standing Committee of the National Peoples Congress (NPC), introduced the implementation of the 15th Five-Year Plan outline and the legislative plan of the NPC Standing Committee. 2026 is the first year of the 15th Five-Year Plan, with 15 draft laws scheduled for continued deliberation, 19 draft laws scheduled for initial deliberation, and some projects to be reviewed in advance. Regarding accelerating the construction of a high-level socialist market economy system, the government will formulate the Law on Farmland Protection and Quality Improvement and the State-owned Assets Law, and amend the Enterprise Bankruptcy Law, Trademark Law, Certified Public Accountants Law, Enterprise State-owned Assets Law, Bidding and Tendering Law, Government Procurement Law, Price Law, Agriculture Law, and Tax Collection and Administration Law. The government will accelerate legislation in the financial sector, formulating the Financial Law and the Financial Stability Law, amending the Banking Supervision and Management Law and the Peoples Bank of China Law, and focusing on strengthening research and argumentation work on other legislation and amendments in the financial sector.On May 27, Teng Jiguo, Deputy Secretary-General of the Central Political and Legal Affairs Commission, stated at a press conference held by the State Council Information Office that during the 15th Five-Year Plan period, strict law enforcement will be further promoted. The government will punish, according to law, illegal and criminal activities that have drawn strong public condemnation, such as telecommunications and internet fraud, gambling, drugs, illegal fundraising, and financial fraud. It will also improve the normalized mechanism for combating organized crime, effectively deterring crime and protecting the people.A Bank of Japan official stated that while rising long-term interest rates have indeed increased corporate borrowing costs, this must be considered in conjunction with the fact that corporate profits remain high.A Bank of Japan official stated that Japans real long-term interest rates remain negative in the short and medium term, which has the greatest impact on economic activity.
