State Administration for Market Regulation

Rule Changes

Published 34-priority 2026 work plan for the private sector; trimmed market-access negative list to 106 items

China's private firms account for about 60% of its economic output and most of its urban jobs. In April 2025, they got their first dedicated legal protection. The Private Economy Promotion Law, passed by the National People's Congress Standing Committee, took effect May 20, 2025.

Updated Jul 29