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China’s new Private Sector Promotion Law took effect on May 20, 2025, signaling a big push to strengthen business growth and tech innovation. What does this mean for China’s economy and the global market?
China has introduced its first law focused on boosting the private economy, aiming to eliminate barriers and propel private businesses into a new era of innovation and global competitiveness.
China’s first foundational law to promote the private economy takes effect May 20, offering legal guarantees for fair competition, better financing, innovation, and protection of private businesses.
China is set to implement its first-ever Private Sector Promotion Law on May 20, aiming to boost economic growth by unlocking the full potential of its private sector.
China unveils the Private Sector Promotion Law to boost economic growth and support private businesses. Officials discuss the law’s impact at a press conference.
China introduces its first Private Sector Promotion Law to boost private businesses, strengthen economic growth, and ensure equal treatment for private enterprises.
China passes landmark private sector promotion law to foster fair competition, innovation, and sustained economic 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.
Chinese lawmakers are considering a new draft law to promote private sector development, aiming to foster economic growth and innovation.