BEIJING: 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 by Xinhua News Agency, Liu Min, deputy head of the National Development and Reform Commission's private economy development bureau, emphasised that the aim of the law, which was approved on Wednesday (April 30), is to enable economic entities with diverse ownership structures to compete on a level playing field.
