China’s private sector law needs to punish unjust law enforcement, ex-official says

China’s private sector law needs to punish unjust law enforcement, ex-official says

China’s draft legislation to promote the private economy needs urgent refinements, including penalties for law-enforcement agencies overstepping their authority and infringing on the rights of businesses, a former State Council official has said. Former deputy director of the industry, commerce and trade research department Chen Yongjie pointed out that entrepreneurs felt that clauses in the … Read more

Economist urges China to push further to elevate private sector as draft law disappoints

Economist urges China to push further to elevate private sector as draft law disappoints

The status of the private sector should be raised under China’s private economy promotion law, a leading economist said amid widespread disappointment about a draft of the law that is out for public comment until November 8. The introduction of the first basic law regarding the development of the private sector is a “milestone” event, … Read more