China has pledged to strengthen its support for the private economy, signaling a significant shift in policy to boost small and micro-enterprises.
According to Huo Zhengxin, a professor of law at China University of Political Science and Law, creating a robust legal environment is crucial for protecting the interests of private sector businesses.
This move aims to foster a more conducive atmosphere for entrepreneurship and innovation, ensuring that private enterprises can thrive and contribute meaningfully to the nation's economic growth.
Reference(s):
Analyst: Strengthening legal protections is crucial for private sector
cgtn.com
