The private sector promotion law, which came into force on May 20, 2025, is the country's first foundational law dedicated to the development of the private economy.
The State Council Information Office (SCIO) holds a news conference on the private sector promotion law at 10 am on Thursday.
Since the 18th National Congress of the Communist Party of China, the private economy has continued to expand, emerging as a vital force in advancing Chinese modernization.
China is stepping up legal protection for private businesses by strengthening oversight of administrative law enforcement. This move comes as the country prepares to implement its first fundamental law dedicated to promoting the private sector.
Ministry of Justice of the
People's Republic of China