(W.E. Talk) Expert: China’s support for private sector entered the phase of rule-of-law and institutionalization

The introduction of the private sector promotion law marks a major milestone in China's private economy. In the latest W.E. Talk, Yang Decai, A member of the 14th National Committee of the Chinese People's Political Consultative Conference and Director of Nanjing University Private Economy Institute, emphasized that this landmark law systematically establishes legal safeguards, elevates past successful practices into formal legislation, and includes detailed provisions on rights protection, fair competition, and innovation—boosting confidence and expectations for the private sector. (Chen Tianhao)