Core Viewpoint - The "Private Economy Promotion Law" will officially implement on May 20, marking the first foundational law specifically for the development of the private economy in China, establishing a solid legal foundation for its growth [1][2]. Group 1: Importance of Private Economy - The private economy plays a crucial role in China's modernization, contributing over 50% of tax revenue, 60% of GDP, 70% of technological innovations, 80% of urban employment, and 90% of the number of enterprises [1]. - The law addresses long-standing challenges faced by the private economy, such as market access barriers, financing difficulties, and inadequate property rights protection, which have hindered its growth [1]. Group 2: Legal Protections and Support - The law emphasizes fair competition, creating a just market environment for private enterprises through a unified negative list for market access and the implementation of fair competition review systems [1][2]. - It strengthens property rights protection, allowing private entrepreneurs to operate and invest with confidence, and includes punitive compensation for intellectual property infringements [2]. - The law supports private enterprises in technological innovation by allowing them to participate in national technology projects and access major research facilities, promoting deep integration of industry, academia, and research [2]. Group 3: Implementation and Future Outlook - Effective implementation of the law requires collaborative efforts from various parties, including government departments, judicial bodies, and private enterprises themselves [3]. - The law represents a significant milestone in legal construction and a new starting point for the private economy, providing a robust legal backing for enterprises to develop with confidence [3].
”民企发展有了“法治靠山”
Zheng Quan Ri Bao·2025-05-08 16:13