FEATURED COMMENTARY
China’s New Private Economy Promotion Law: Good Intentions Meet Weak Government Accountability
The Law failed to codify concrete government accountability measures that might have helped ensure that the Chinese government fulfills its legal obligations toward the private sector.
Law of the People’s Republic of China on Promoting the Private Economy
中华人民共和国民营经济促进法
(adopted Apr. 30, 2025, effective May 20, 2025)
[Current Text: Chinese · 🆚 | English]
- Status: Passed
- Legislative Body (Vote): NPCSC (N/A)
- Primary Drafters: Ministry of Justice, National Development and Reform Commission & NPCSC Legislative Affairs Commission
- Submitter: State Council
- Legislative Plans
- Five-year: N/A
- Annual: 2024, 2025
- Legislative History & Text
- NPCSC deliberation – round #3 (final): Apr. 27 – 30, 2025 (Current Text ⇧)
- NPCSC deliberation – round #2: Feb. 24 – 25, 2025 (text N/A)
- NPCSC deliberation – round #1: Dec. 21 – 25, 2024 (Chinese only) 💬
- State Council public consultation: Oct. 10 – Nov. 8, 2024 (Chinese only) ✍️
- Legislative Records
- Explanation (Dec. 21, 2024)
- Report on Status of Revision (Feb. 24, 2025)
- Report on Results of Deliberation (Apr. 27, 2025)
- Report on Suggestions for Revision (Apr. 29, 2025)
- Presidential Order (Apr. 30, 2025)
- Official Q&A: NPCSC Legislative Affairs Commission (Apr. 30, 2025)
- Press Conference: State Council Information Office (May 8, 2025)
NPC Observer Coverage
- China’s New Private Economy Promotion Law: Good Intentions Meet Weak Government Accountability (May 15, 2025)
- NPCSC Session Watch: Environmental Code, Private Sector Promotion, Arbitration, Enforcement of Prison Sentences & National Development Planning (Apr. 18, 2025)
- NPCSC Session Watch: Private Sector Promotion, Civil Aviation & NPC Preparations (Feb. 17, 2025)
- NPCSC Session Watch: VAT, Anti-Corruption, Private Sector Promotion, Law Propaganda & Unfair Competition (Dec. 16, 2024)
- The NPC and the 2024 Third Plenum Decision (July 31, 2024)
- 📰 February 2024: First NPC Report on Chinese-Style Constitutional Enforcement (Mar. 8, 2024)
Last updated: August 15, 2025, 01:28 EDT