The Five-Year Plans for National Economic and Social Development, or the Five-Year Plans (FYP) in short, are a series of social and economic initiatives issued since 1953 in China to map the direction of future development, in which industrial restructuring makes an indispensable part.
Amid the protracted global fight against the COVID-19 pandemic, China is experimenting with remote working on collaborative platforms. Although many Chinese have worked outside their office previously, this time is different – the new coronavirus has forced people to work full time from home.
China has unveiled a master plan to establish a free trade port on Hainan Island. The plan urges the area to lower the entrance threshold for businesses, build a transparent investment environment and strengthen the protection of intellectual property.
Today is International Children's Day. Ask any Chinese family where they spend the most money in their household year around, and you will very likely get this answer – everything goes for the kids. That means that toys, of course, are included.