Graphics: China's first law on private economy to come into effect

Graphics: China's first law on private economy to come into effect

China's State Council Information Office held a press conference on Thursday to introduce the country's first-ever Private Sector Promotion Law, which will take effect on May 20. Officials stated that the new law is expected to unlock the full potential

Private economy law 'to bring new growth momentum'

Mainland authorities pledged on Thursday to firmly implement the newly passed private economy promotion law to safeguard the rights of enterprises, saying it will unleash new growth momentum. The 78-article bill, which was passed last week and is set to take effect on May 20, includes measures to combat choke points hindering the private sector, such as ensuring equal market access, finance support and legal protection. Vice Minister of Justice…