A significant milestone has been reached in China’s journey towards a law-based business environment. Last week, the Chinese government released a draft law on private sector promotion, inviting public opinions. This move underscores the country’s commitment to fostering high-quality development within its private enterprises.
The private sector in China is a powerhouse, often described by the “five-six-seven-eight-nine” features. It contributes over 50 percent of tax revenue
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Ensuring rule-based high-quality development of the private sector
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