
China’s Private Sector Promotion Law: 6 Game-Changing Measures
China’s new Private Sector Promotion Law takes effect May 20, 2025. It ensures fair competition, boosts financing, spurs innovation, and legally protects private enterprises.
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China’s new Private Sector Promotion Law takes effect May 20, 2025. It ensures fair competition, boosts financing, spurs innovation, and legally protects private enterprises.
The Chinese mainland’s top legislature passed its first Private Sector Promotion Law, underlining support for businesses in the world’s second-largest economy.
Private enterprises in China reached 57 million by March as tech, digital economy and low-carbon initiatives propel innovation and growth.
China commits to bolstering its private economy by strengthening legal protections, ensuring the growth and sustainability of small and micro-enterprises.
China’s President Xi Jinping emphasizes unwavering support for the private sector, unveiling new policies to foster innovation and drive economic growth.
China’s private sector took center stage at this year’s Two Sessions, focusing on policies to drive growth and innovation.
China announces plans to boost the private sector and reform state-owned enterprises, aiming for a more dynamic and fair market environment.
China’s economy shows strong growth and resilience with a 5% GDP increase in 2024, says NPC spokesperson Lou Qinjian, highlighting robust private sector support and ongoing reforms.
China’s private economy is set for high-quality growth by 2025, driven by supportive policies and innovation, playing a crucial role in the nation’s modernization.
The Chinese mainland prioritizes the growth of private enterprises through strategic policies, says UBS economist Ning Zhang.