The Ministry of Justice, the National Development and Reform Commission (NDRC), and the Legislative Affairs Commission of the Standing Committee of the National People's Congress (NPC) jointly held a legislative work symposium on Feb 21 to discuss legislation concerning the promotion of the private economy and to listen to opinions and suggestions from academics and representatives of private enterprises.
China's Minister of Justice He Rong said at a symposium on Wednesday that the country had started drafting a law on promoting its private economy.
China unveiled 28 detailed measures to boost the private economy on Tuesday, including promoting fair market access, offering stronger financial support,boosting legal guarantees, optimizing services and creating a sound atmosphere for private companies.
China's top economic planner on Tuesday unveiled a series of detailed measures including tax reductions and cutting red tape to boost the private economy after a general guideline was released last month.
Chinese authorities have issued a guideline on boosting the growth of the private economy, promising to improve its business environment, enhance policy support, and strengthen the legal guarantee for its development.
Since the beginning of the year, multiple regions in China have introduced effective policies and measures to support the high-quality development of the private sector.
Ministry of Justice of the
People's Republic of China