China strengthens efforts to boost private economy

China's authorities have vowed targeted efforts to implement the landmark Private Sector Promotion Law — guaranteeing fair competition, equal access to resources, and stronger legal protections for private enterprises. The law takes effect on May 20.

May 9, 2025

Private sector promotion law to take effect on May 20

​The private sector promotion law, which was recently passed at a session of the Standing Committee of the National People's Congress, the country's top legislature, will take effect on May 20, according to a press conference held by the State Council Information Office on Thursday. It is the country's first fundamental law dedicated to promoting the private economy.

May 8, 2025

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, with plans including supporting the inflow of private capital into State-backed projects worth 3 trillion yuan ($413 billion) that will be launched this year, officials said on Thursday.

May 9, 2025

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.

May 9, 2025

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.

May 8, 2025