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Fair competition highlighted in China's draft law to boost private sector

By MLex Staff ( October 11, 2024, 09:41 GMT | Insight) -- China has released a draft law aimed at promoting its private economy, with fair competition as a central focus. The legislation, closely watched by businesses and economists, seeks to restore confidence in the nation's economy as it faces sluggish growth and rising geopolitical tensions. The 77-article draft, unveiled yesterday for public consultation, outlines measures to safeguard fair competition, promote investment and financing, boost technological innovation, and protect the economic rights of private companies and entrepreneurs. China has released a draft law aimed at promoting its private economy, with fair competition as a central focus. The legislation, closely watched by businesses and economists, seeks to restore confidence in the nation's economy as it faces sluggish growth and rising geopolitical tensions....

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