China passes new law in major push to bolster private sector

News ESG Law & Policy Updates

Date: 1st May, 2025 Source: Ministry of Human Resources and Social Security Country: China Original Source

Brief

"On April 30, China's national lawmakers voted to adopt its first fundamental law dedicated to promoting the private sector. The Private Sector Promotion Law will take effect on May 20, 2025, providing a clearer and more solid legal guarantee for the private sector, and cementing efforts to encourage, support, and guide the growth of the private sector."

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Ministry of Human Resources and Social Security

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China passes new law in major push to bolster private sector

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China passes new law in major push to bolster private sector

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Ministry of Human Resources and Social Security

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