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China’s top lawmakers are reviewing significant legal amendments to enhance development in areas like medical insurance, social assistance, and civil aviation during the NPC Standing Committee’s 16th session.
China’s new Private Sector Promotion Law empowers businesses with protections and incentives, marking a pivotal step for economic growth.
China is set to implement its first foundational law promoting the private economy on May 20, aiming to enhance support for private businesses and foster a fairer, more transparent economic environment.
China has passed its first national law dedicated to protecting and promoting the private sector, marking a historic milestone and boosting confidence among businesses.