
New Law Boosts China’s Private Businesses, Igniting Economic Growth
China’s new Private Economy Promotion Law comes into effect, leveling the playing field for private businesses and fueling opportunities for young entrepreneurs.
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China’s new Private Economy Promotion Law comes into effect, leveling the playing field for private businesses and fueling opportunities for young entrepreneurs.

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.

Dr. Henry Tan says Hong Kong can boost China’s growth as a ‘super connector’ in modernization and international cooperation.

China’s private economy is driving growth and innovation, creating jobs, and enhancing prosperity.

China expresses confidence in steady economic growth for 2025, highlighting key factors such as private enterprise support, technological innovation, and expanding domestic demand ahead of the Two Sessions.
China drafts the Private Economy Promotion Law to strengthen private businesses and boost economic growth, marking a new milestone for its private sector.