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Party issues 5-year plan to fight corruption

China’s ruling Communist Party unveiled on December 25 a five-year plan to fight pervasive graft. The plan， which focuses on corruption that triggers protests or happens in the course of economic reforms， was approved in late August but has only now been released in full by the official Xinhua news agency. President Xi Jinping has launched a sweeping crackdown on corruption since taking power， pursuing high-flying “tigers” as well as lowly “flies” in the government， military， state-owned enterprises and universities. The Central Commission for Discipline and Inspection said in November it would target all senior officials as part of a deeper war on graft.

China struggling to meet pollution goals

A government report said faster-thanexpected economic growth was to blame for China’s struggle to meet its 2011-2015 environmental targets. The state of China’s environment has come into particular focus in 2013， with most major cities engulfed by hazardous smog during the course of the year， including Beijing in January and Shanghai in December. Desperate to head off growing public anger about the state of the country’s air， water and soil， Beijing has promised to put an end to its “growth at all costs” economic model. The government report covered the period between 2011-2012.

China to target 7.5% growth in 2014： Sources

China may push for 7.5% annual GDP growth in 2014， Reuters reported， citing anonymous sources at a toplevel think tank. Growth will be supported by a steady recovery in China’s exports next year thanks to stronger demand from developed economies， the commerce ministry’s think tank said. The 2014 growth target was endorsed at the annual Central Economic Work Conference early in December. Prior to the December 10-13 meeting， some top think tanks， including the State Information Centre and the Chinese Academy of Social Sciences， had proposed to lower next year’s growth target to 7% to create more room for reforms.

State to boost regulation of baby formula

China’s baby-formula makers must take on primary liability for their products’ safety， ensure product traceability and implement a product-recall system， the country’s State Food and Drug Administration announced. Under new regulations， formula producers must register their products and packaging with provincial food and drug administrators. China’s leaders have been encouraging the rise of a homegrown dairy industry. They aim to rebuild consumer confidence after a 2008 scandal in which the industrial chemical melamine was added to domestic-made milk powder， killing six infants and causing 300，000 others to fall ill.

Gazprom could sign gas deal with China by end of January

Russian natural gas giant Gazprom could sign a deal to supply natural gas to China by the end of January 2014， according to the company’s CEO Alexei Miller. In a statement quoted by Interfax news agency， Miller said that Gazprom has reached an agreement with its counterpart， China National Petroleum Corporation （CNPC）， on all the terms except price. Gazprom in September failed to secure a price deal with CNPC on shipping 38 billion cubic meters of gas to China annually from 2018 from a yet-to-be-built pipeline.

One-child policy reform to start in first quarter of 2014

China will allow more parents to have a second child in some areas of China in the first quarter of 2014， Yang Wenzhuang， a director at the National Health and Family Planning Commission told China’s official Xinhua news agency. Beijing has said it will allow millions of families to have two children， the most radical relaxation of its strict one-child policy in close to three decades. The move is part of a plan to raise fertility rates and ease the financial burden of China’s rapidly aging population.

China property prices push toward 10% yoy growth

Property prices in China climbed 9.9% year-on-year in November， the fastest rate of increase in 2013， Financial Times reported， citing data from China’s National Bureau of Statistics. The data， compiled from 70 different cities， saw prices rise in 69 of the cities， with monthly gains in 66 of the cities. China’s largest cities， Shanghai and Beijing， showed the largest gains where house prices were up 18.2% and 16.3%. The government is trying to cool the property market but is also trying to encourage economic growth， which keeps it hot. Prices increased by 9.6% in October.