China publishes draft law on private sector promotion to solicit public opinion
China's Ministry of Justice and the National Development and Reform Commission on Thursday published a draft of the private sector promotion law to solicit public opinion.
The draft, with 77 articles in nine chapters, features equal treatment and protection of private sector businesses.
It includes provisions on ensuring private businesses' fair participation and competition in the market, improving the investment and financing environment for these businesses, supporting their technological innovations, optimizing services for them and strengthening the protection of their rights and interests.
It also covers measures to better regulate and guide the enterprises, to promote the healthy development of private businesses and the healthy growth of relevant business persons, while safeguarding the legitimate rights and interests of their employees.
The draft will be open for public comments until November 8.
Add Your Comment
Things you should know:
1.Comments will appear only after being approved by our team. Please understand that we don’t work 24/7, so it might be a while before your comment is posted.
2.In accordance with the Regulations on Internet News and Information Services and other related laws and regulations of the People's Republic of China, comments should not contain anything that is obscene, offensive, defamatory or racist.