China's Communist Party plans a private sector promotion law to support and develop the private sector, contributing to economic growth.
China's Communist Party vows to develop and support the private sector, announcing plans for a private sector promotion law. This move aligns with the party's goal of advancing the socialist economic system, and aims to improve policies and the legal environment for private businesses, contributing to China's overall economic growth. The private sector already accounts for 60% of GDP, 70% of technological innovation, and 80% of urban employment.
July 27, 2024
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