
China Adopts Landmark Law to Boost Private Sector Growth
China has passed its first fundamental law dedicated to promoting the private sector, aiming to enhance fair competition and support business growth. The law will take effect on May 20.
News for people and friends
China has passed its first fundamental law dedicated to promoting the private sector, aiming to enhance fair competition and support business growth. The law will take effect on May 20.
China’s service trade expanded by 8.7% in Q1, reaching 1.97 trillion yuan, driven by significant growth in travel and knowledge-intensive services.
China is set to introduce new measures to stabilize its economy and job market, focusing on employment, foreign trade, consumption, investment, and creating a favorable development environment.
Facing global uncertainties, China introduces new policies to boost economic growth and secure jobs, aiming to achieve its development goals and support the economy.
China’s overseas investment is growing, strengthening ties with the Global South through projects that boost development and mutual growth.
Despite global uncertainty, foreign investment in the Chinese mainland remains strong, with a significant rebound in March showing renewed investor confidence.
China counters U.S. tariff hikes by boosting domestic demand and exploring new markets, showcasing resilience amid global trade tensions.
China’s economy is surging in 2025 with 5.4% GDP growth. New policies aim to boost consumption and support businesses, driving further growth.
Political and business leaders express concerns as new trade barriers threaten to weigh down global economic growth and destabilize supply chains.
The number of private enterprises in China has soared past 57 million, highlighting the private sector’s crucial role in driving innovation and economic growth.