On March 31, China’s National Standard Code for Residential Building Projects (hereinafter referred to as the "Code") was officially released. With the goals of ensuring safety, comfort, sustainability, and smart design, the Code establishes regulations for the construction, use, and maintenance of residential projects, covering aspects such as scale, layout, functionality, performance, and key technical measures. The Code defines minimum compliance requirements for residential developments and will take effect on May 1 this year.

On the morning of March 5th, the opening meeting of the third session of the 14th National People's Congress was held at the Great Hall of the People in Beijing. Premier Li Qiang, on behalf of the State Council, presented the government work report to the assembly. The report outlined that the tasks for economic and social development this year are exceptionally demanding. We must focus on key areas and grasp critical points, emphasizing ten major tasks. Among these, several specific tasks pertain to the construction industry, warranting attention from the sector.

The Ministry of Housing and Urban Rural Development has organized the preparation of a new version of the engineering quantity list pricing standard and recently released it. The relevant person in charge of the Department of Standards and Quotas recently interpreted the relevant content.

The value-added tax legislation, which accounts for 30% of the national tax revenue, has just been passed! Implemented on January 1, 2026. What changes have been made to the draft of the Value Added Tax Law?