China's Private Sector Promotion Law, enacted on 30 April 2025, marks a significant step in formalizing support for private enterprises. After over a year of legislative process, the law was passed at a session of the Standing Committee of the National People's Congress. It took effect on 20 May 2025 and comprises 78 articles across nine chapters. The law covers key areas such as fair competition, investment and finance promotion, scientific and technological innovation, regulatory guidance, service support, and legal liabilities. Additionally, the law aims to boost confidence among private businesses, and establishes a legal framework that ensures equal treatment, access to resources, and promotes a more transparent and supportive business environment. Explore further details, by consulting key resources including the following: Global Times, 2025 , Global Law Today, 2025 , China Daily, 2025 , Sate Council, 2025 , Ministry of Justice, 2025 , Private Sector Law, 2025 , ...
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