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China’s private sector

China’s private sector
The latest news, analysis and opinion on China’s private sector. In-depth analysis, industry insights and expert opinion.
People visit the 34th Harbin International Economic and Trade Fair in Harbin, capital of northeast China’s Heilongjiang Province, May 19, 2025. The fair showcased cutting-edge technologies such as autonomous driving, commercial satellites and humanoid robots from over 100 tech firms. Photo: Xinhua
National Development and Reform Commission

From AI to chips: China courts private tech firms to help drive next 5-year plan

Businesses in emerging sectors tapped to help shape innovation-led 2026-2030 strategy, analysts say.

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China's economic recovery

China’s services sector grows in May despite US tariff fears: Caixin PMI

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US-China trade war

China renews drive for corporate reform as US rivalry grows ‘fiercer’: analysts

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China’s Communist Party

China’s local governments must justify jumps in fines, charges on private firms

New campaign requires authorities to explain skyrocketing punitive fees in latest push to curb abuse of power, protect private sector.

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The justice ministry’s latest initiative against abuse of power involves real-time nationwide statistical analysis of enforcement activity, with emphasis on detecting unusual increases in punitive fees. Photo: Shutterstock Stock
China jobs

China touts new law as foundation for private sector growth

A week after the passage of a law on China’s private economy, officials said the bill will ‘unleash’ the potential of the non-state sector.

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Law

China’s private firms given legal recourse with new law

Taking a local government to court could be a more realistic option for aggrieved businesses under China’s Private Economy Promotion Law.

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Science

China taps private sector for top talent in widened sci-tech recruitment drive

In biggest hiring spree in a decade, state academies open more doors to innovators, foreign academics, with less attention to seniority or titles.

China’s top sci-tech academies have widened their search for leading talent as Beijing steps up a drive for innovation and self-reliance. Photo: Shutterstock
US-China relations

Chinese educated overseas hit back at ‘appliance queen’ over spy allegations

Shanxi Returnees’ Chamber of Commerce publishes open letter to Dong Mingzhu over comment she would ‘never use a haigui pai’.

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China economy

Full text of China’s new private sector law

The National People’s Congress has passed a law to provide protections and support for the beleaguered private sector. The following is an unofficial AI translation of the law’s full Chinese text.

China's economic recovery

How will new law help protect China’s private sector?

Full text of legislation gives more weight to addressing long-standing complaints about cross-regional enforcement.

An employee produces pyjamas for export at a clothing factory in Lianyungang, in eastern China’s Jiangsu province. Photo: AFP
China economy

China passes private-sector law

The Private Economy Promotion Law is intended to put private companies on a level playing field with state-owned businesses, as well as boosting protections for entrepreneurs.

Lawmakers attending the Standing Committee of the National People’s Congress. Photo: Xinhua
China economy

China passes private sector law, addressing gripes of beleaguered businesses

The highly anticipated law aims to inject dynamism into China’s private sector amid a trade war with the United States.

China's space programme

Shanghai aims for leading role in China’s commercial space sector

China’s financial hub steps up challenge to American space giants such as SpaceX and Blue Origin.

China economy

Explainer | How does Beijing’s new market access negative list help private firms?

NDRC reduces number of areas in which restrictions apply from 117 to 106.

A humanoid robot dispenses medicine at a mock pharmacy at Beijing World of Robots on April 17. Pharmaceutical sales is one of the areas in which restrictions have been relaxed in China’s latest market access negative list. Photo: EPA-EFE
China economy

China adds 1.98 million private firms in first quarter as calls for support rise

Top market regulator says 40 per cent of business registrations from January-March were in emerging sectors and new technologies.

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China added nearly 2 million new private companies in the first quarter as supportive economic policies ramped up. Photo: Reuters
China's economic recovery

As Beijing hails untapped Asian partnerships at Boao, Hong Kong vows to do more

‘Backed by the motherland’, Hong Kong’s chief executive vows more integration into nation’s development strategy after vice-premier stresses importance of regional cooperation mechanisms.

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China's economic recovery

For China’s private sector, Beijing’s long-sought decree seen as key to recovery

Buyers will have 60 days to pay for cargo, projects or services after they are delivered, plus more supervision and a complaint platform.

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China education

How are new Chinese universities attracting top talent from around the world?

Fuyao University of Science and Technology, which began enrolling students this year, trumpets faculty’s international credentials.

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Westlake University in Hangzhou, Zhejiang province, pioneered the entrepreneur-funded model. Photo: Westlake University
China economy

What’s the next step for China’s proposed private sector promotion law?

The proposed law, not passed at this year’s legislative session, is seen as an indicator of Beijing’s commitment to improving the business environment.

Two Sessions 2025

‘Two sessions’ 2025: how can China get its private sector back on track?

China will need stronger action to ensure a level playing field – as the struggles of its first privately owned high-speed railways show.

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China's economic recovery

China’s central bank vows to ease funding pressures on private sector

Financing channels will be unblocked and funding costs lowered, Pan Gongsheng says.

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China’s central bank has said it will ease the funding burden on private businesses. Photo: Reuters
Two Sessions 2025

Party newspapers echo Xi’s call for promotion of private sector

Editorials in People’s Daily and The Economic Daily ahead of ‘two sessions’ emphasise importance of private enterprises.

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President Xi Jinping attends a symposium on the promotion of private enterprises in Beijing on February 17. Photo: Xinhua
China's economic recovery

Xi Jinping tells entrepreneurs ‘east wind’ will carry China above rivals

The president evoked a Mao Zedong slogan to reiterate his confidence in China’s economic triumph at a high-profile meeting on the private sector.

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China manufacturing

In China, AI-driven robots are ‘evolving at an incredibly fast pace’

Wang Xingxing, CEO of Chinese robotics firm Unitree, predicts humanoid robots will ‘reach a whole new level’ by the end of 2025.

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DeepSeek

My Take | DeepSeek isn’t just a wake-up call for the US, there are lessons for China too

The AI firm’s challenge to US dominance was achieved through a corporate culture that is very different from the hierarchical norm in China.

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Chinese AI start-up DeepSeek was founded two years ago by a hedge fund and was little known until last month. Photo: Reuters
China’s economic stimulus

China’s Henan urges local entrepreneurs to ‘dare to invest’ amid slowdown

The central province has vowed to ‘protect’ and ‘listen to’ the private sector, as China’s leaders strive to restore confidence and shore up economic growth.

An employee works on the production line of a machinery factory in Anyang, Henan Province. The region has issued a plea for private companies to “dare to invest” in Henan amid a period of economic uncertainty. Photo: Getty Images
China's economic recovery

Top China political adviser, Wang Huning, reaffirms support for private economy

Private firms in China are bracing for a year filled with challenges and uncertainties.

China's economic recovery

China’s top auditor puts authorities on notice over unpaid bills to businesses

Contractors have been short-changed by unbudgeted government infrastructure projects, NAO report says.

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