China's top legislative body passed the private sector promotion law on Wednesday, establishing a legal backing for the steady and healthy growth of the vast sector, including more than 57 million private firms and over 100 million self-employed individuals, XINHUA reports. As China's first fundamental...

China's newly adopted private sector promotion law underscores the country's commitment to fostering an equitable competitive environment for all market participants, according to an official of the country's top economic planner. Speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted...