久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / From the Press

How rule of law is further empowering China's private economy

Xinhua | Updated: 2025-05-01 10:31
Share
Share - WeChat
An employee works on the assembly line of a tractor manufacturer in Weifang, Shandong province. LI ZIHENG/XINHUA

The passage of China's first national law focused on the private sector reflects the country's concrete actions to provide legal guarantees of fair competition and equal treatment for the private economy, while also bolstering high-quality development within this economically crucial sector.

The socialist market economy is essentially a law-based economy. The private sector promotion law, passed Wednesday by the Standing Committee of the National People's Congress, the country's top legislature, marks a crucial step in the promotion of a sound legal environment for the Chinese socialist market economy.

The message is clear: the private sector is an important part of China's socialist market economy. The importance of the sector cannot and will not be changed, as the law stipulates that it is a significant and long-term policy to promote the sustainable, healthy and high-quality development of the private economy.

The private sector has flourished under China's reform and opening-up policy, and has grown from a supplement for the public economy to an integral and important part of the Chinese socialist market economy.

Data speaks for itself. Officially registered private enterprises in China have surpassed 57 million, accounting for 92.3 percent of the total number of business entities. Furthermore, private enterprises contribute more than 50 percent of the tax revenue, more than 60 percent of GDP, over 70 percent of technological innovation achievements and more than 80 percent of urban employment.

"Unswervingly consolidating and developing the public sector and unswervingly encouraging, supporting, and guiding the non-public economy" is part of the country's long-standing and major economic policy, demonstrating the Communist Party of China and the government's unwavering support for the private sector.

The Chinese authority has delivered strong support to the private sector over the past few decades. However, private enterprises still encounter difficulties and challenges. Discriminatory enforcement and market access and financing obstacles once fueled deceleration of the private investment.

The private sector promotion law provides assurances that private enterprises enjoy legal status, market opportunities, and development rights equal to other economic entities. It also ensures equal treatment in competition, investment, financing, and support for technological innovation.

Through its regulatory role, the law helps stabilize expectations and boost confidence, spur vitality of the sector and spark entrepreneurial investment enthusiasm, laying a solid foundation for the sustained prosperity of the economy.

The law stipulates that in areas other than the negative list for market access, all kinds of economic organizations, including private economic organizations, can enter on an equal footing in accordance with the law.

It is well known that the rule of law plays a crucial role in the market economy. The private sector promotion law not only helps maintain economic order and protect the legitimate rights and interests of private enterprises, but also promotes the healthy development of the economy by providing legal guarantees and guiding economic behaviors.

While reassuring private investors, the law also improves the business environment for foreign investors who see the law serve as a mirror reflecting China's determination to provide a law-based business environment.

As China's consumption structure and industrial structure are constantly upgrading, there is huge space for the development of the private economy, especially on the back of a huge market with a population of 1.4 billion, including a middle-income group of over 400 million people.

As part of China's efforts to further deepen reform comprehensively, support from all levels of government is provided to promote sustainable, healthy, and high-quality development of the private sector. Amid external headwinds, it's necessary and timely. Furthermore, it also represents the certainty that China offers to the world.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 久久99爰这里有精品国产 | 免费日本在线视频 | 亚洲情a成黄在线观看 | 欧美一级特黄特黄做受 | 精品久久久久久亚洲 | 五月激情丁香婷婷综合第九 | 无码免费一区二区三区免费播放 | 国产第一页久久亚洲欧美国产 | 视频一区二区三区在线 | 国产福利不卡一区二区三区 | 韩国一级特黄清高免费大片 | 中文精品久久久久国产不卡 | 欧美又粗又硬又大久久久 | 成人免费久久精品国产片久久影院 | 国产成人麻豆tv在线观看 | 一级片aaaa | 国产精品久久久影院 | 久久精品亚洲精品国产欧美 | 毛片美国基地 | 国产高清视频在线观看 | 国产高清久久 | 色综合久久久久久久 | 成人精品国产亚洲欧洲 | 欧美日韩国产高清一区二区三区 | 韩国免费a级毛片 | 美女网站色免费 | 国产精品久久久天天影视香蕉 | 久久免费精品视频 | 国产成人高清亚洲一区久久 | 老头老太做爰xxx视频 | 一级特黄aa大片欧美网站 | 精品久久精品久久 | 免费特黄一级欧美大片在线看 | 波多野结衣中文一区二区免费 | 日本噜噜影院 | 亚洲高清成人欧美动作片 | 亚洲视频中文字幕 | 久久免费精品一区二区 | 国产精品观看在线亚洲人成网 | 日韩亚洲欧美一区噜噜噜 | 黄色激情在线 |