China Enacts Landmark Law to Boost Private Sector Growth
China’s new private sector promotion law, effective May 2025, ensures fair competition, boosts innovation, and strengthens legal protections to drive high-quality economic growth.
BusinessLaw
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China Boosts Private Sector with New Legislation
China passes historic law supporting private enterprises, with 57 million firms now driving 92% of businesses. New rules aim to ensure fair competition and sustainable growth.