
China to Launch First Private Economy Promotion Law in May
China’s first Private Economy Promotion Law takes effect May 20, enhancing fair competition, innovation, and protections for private businesses.
News & Insights Across Asia
China’s first Private Economy Promotion Law takes effect May 20, enhancing fair competition, innovation, and protections for private businesses.
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.
China trims market access restrictions, opening telecom and manufacturing sectors to spur business growth and attract investment, with a 30% reduction in listed items since 2018.
Economic experts highlight China’s focus on domestic reforms and openness to offset U.S. tariff effects, ensuring stable growth and global investor confidence.
Hainan’s Consumer Expo draws global brands as China advances Free Trade Port development, signaling expanded trade opportunities across Asia-Pacific markets.
China reports significant progress in industrial upgrades and institutional reforms, boosting high-tech manufacturing and new energy vehicle production.
China releases its ‘No. 1 central document’ for 2025, outlining key priorities to deepen rural reforms and advance comprehensive rural revitalization.