china private sector

China’s ‘two sessions’ 2024: did Premier Li Qiang’s speech move the needle for foreign, private business?

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Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more

China starts drafting bill to boost private sector and tackle sluggish post-Covid economy following major setbacks

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The proposed bill, which debuted as the private economy promotion law, has been introduced into the lawmaking process by the country’s top legislature, the justice ministry and top economic planner, China’s state broadcaster CCTV said on Wednesday. The private economy promotion law aims to “respond to enterprises’ concerns” and use legal measures to “effectively implement … Read more