Draft law to promote private economy

A draft law on promoting the private economy will be submitted to Chinese legislators for further review as the nation accelerates its pace of high-quality development and advances its path to modernization, a legislative commission said on Friday.

The Standing Committee of the 14th National People's Congress, China's top legislature, is scheduled to hold its latest session in Beijing next week, during which a second review of the draft private sector promotion law will be on the agenda.

The draft, which was first deliberated at the end of last year, has once again garnered widespread public attention, especially from private enterprises and entrepreneurs, after an important meeting recently convened by the central leadership, according to the NPC Standing Committee's Legislative Affairs Commission.