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Core Viewpoint - The article discusses the key points from the press conference of the 14th National People's Congress, highlighting the importance of the Private Economy Promotion Law and the mutual benefits of China-US economic relations [1][3][5]. Legislative Developments - The draft of the Private Economy Promotion Law was first reviewed by the National People's Congress (NPC) Standing Committee in December last year and has undergone further review recently. This law aims to ensure equal legal protection for various ownership economies and promote fair market competition [3]. - Since the second session of the 14th NPC, the NPC Standing Committee has reviewed 39 legal proposals, passing 24 of them, which includes the formulation of 6 new laws and amendments to 14 existing laws [8]. China-US Economic Relations - The essence of China-US economic relations is mutual benefit, with trade volume increasing over 200 times since the establishment of diplomatic relations. The total bilateral investment stock is approximately $250 billion [5]. - The article emphasizes the need for dialogue and negotiation to resolve differences, while firmly maintaining national sovereignty and development interests [6]. Technological Innovation - The progress of DeepSeek represents the rise of Chinese companies in the AI sector, showcasing China's innovation and inclusivity in technology development. The Chinese government is committed to protecting data privacy and promoting global AI governance [10]. Economic Outlook - Despite facing challenges, the fundamentals of the Chinese economy remain strong, with a resilient foundation and significant potential for long-term growth. The government is actively managing local government debt to ensure sustainable economic development [12][13].

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