
Chinese Private Firms Drive High-End Innovation & Global Growth
Chinese private firms shift to high-end manufacturing and services, driving global innovation with resilient growth.
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Chinese private firms shift to high-end manufacturing and services, driving global innovation with resilient growth.
Wenzhou, China’s private sector birthplace, is racing toward a 1 trillion yuan GDP as industrial output jumps 10.9%, fueled by new pro-business laws and high-tech growth.
China’s Private Economy Promotion Law, effective this week, codifies equality and fair competition, unlocking growth for over 57 million firms and reshaping the entrepreneurial landscape.
China’s new Private Economy Promotion Law marks a landmark shift, granting legal rights to a sector that now drives over 60% of GDP and global innovation.
China’s NDRC chief convened private firms to gather insights on stabilizing employment and driving growth, as businesses push for policy support in the upcoming 15th Five-Year Plan.
Foreign trade on the Chinese mainland rose 2.4% in Jan–Apr 2025, led by export strength, high-tech gains, and private sector growth.
China’s new law to boost private sector redefines role of private capital, equal market access, and financial support as Beijing seeks to reboot its growth strategy.
China’s first Private Sector Promotion Law takes effect on May 20, aiming to fuel trade, investment, innovation, and jobs on the Chinese mainland.
China’s new private sector law, set to take effect May 2025, offers legal guarantees to boost private enterprises amid global uncertainty.
China’s new private sector law, effective May 20, promises legal certainty, equal market access and stronger financing for private enterprises in the Chinese mainland.