Private sector promotion act to advance quality development

The Private Sector Promotion Law aims to advance high-quality development of the private sector, but concerted efforts remain essential for further progress given persistent challenges.

China's new law aims to strengthen private sector

China's newly introduced Private Economy Promotion Law is poised to help private enterprises overcome ongoing challenges such as financing difficulties and an uneven business environment, according to experts at an event organized by the Center for China and Globalization on Tuesday in Beijing.

Private sector promotion law charts road map for economic future

China's Private Economy Promotion Law came into effect on Tuesday. This is the first comprehensive legal framework dedicated to supporting and protecting private economic development, institutionalizing what were previously policy-driven measures into enduring legal guarantees.

China strengthens efforts to boost private economy

Private sector gets landmark legal safeguard

China's private economy gets new boost as landmark law takes effect

China's first fundamental law dedicated to promoting the private sector came into effect Tuesday, strengthening legal protections and injecting fresh momentum into a key driver of the world's second-largest economy.

China bolsters legal protection for private enterprises under new law

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, which is set to take effect on May 20.

China ramps up efforts to promote private sector

China is rolling out a series of measures to boost the development of its private sector, officials said at a press conference held by the State Council Information Office on Thursday.

Shift from policy-based support to legal protection for private firms

The central authorities deliberated on the private sector promotion law — which the country's top legislature passed a few days ago — at a news conference on Thursday.

New measures expected to further bolster private sector

China is accelerating steps to roll out new measures to bolster the private sector following the adoption of the nation's first law to promote the private economy.

How rule of law is further empowering China's private economy

The passage of China's first national law focused on the private sector reflects the country's concrete actions to provide legal guarantees of fair competition and equal treatment for the private economy, while also bolstering high-quality development within this economically crucial sector.

Law adopted to promote private economy

China's national lawmakers voted on Wednesday to adopt the country's first fundamental law specifically focusing on promoting the private economy, marking a significant step in revitalizing a sector that is key to growth and greatly boosting entrepreneurs' confidence and expectations.