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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.
China’s private sector, which contributes significantly to the country’s economic growth, has been given greater legal protection with the passage of new legislation. Photo: Xinhua
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

Science

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

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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Dong Mingzhu, chairwoman of Gree Group appliance firm in China, stirred controversy last month after saying Chinese educated overseas might be spies. Photo: Handout
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.

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.

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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.

A Long March-2F carrier rocket carrying the Shenzhou-20 spacecraft and a crew of three astronauts lifts off from the Jiuquan Satellite Launch Centre on Thursday. Photo: Xinhua
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.

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'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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Vice-Premier Ding Xuexiang visits a one-stop aircraft maintenance base of the Hainan Free Trade Port in south China’s Hainan province on Monday. Photo: Xinhua
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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A staff member transports materials at a private new-material firm in China’s Henan province. It should soon become easier for the nation’s small and medium-sized firms to collect back-owed payments. Photo: Xinhua
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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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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Illustration: Lau Ka-kuen
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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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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A humanoid robot made by Unitree Robotics is displayed at the 2025 Consumer Electronics Show (CES) in Las Vegas in January. Photo: Xinhua
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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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.

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 No 4 political figure, Wang Huning (front), attends a high-level meeting on industrialisation and agricultural modernisation in September. Photo: Getty Images
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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Contractors have been left billions of yuan out of pocket by local governments, according to a National Audit Office report. Photo: Shutterstock
China's economic recovery

What are key concerns of China’s private firms? Survey flags raft of hardships

Most polled firms lament losses, and few plan to increase investments in the foreseeable future as economic challenges mount.

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China’s Communist Party

China’s private sector law needs to punish unjust law enforcement: ex-official

Chen Yongjie, a former State Council researcher, says a survey of entrepreneurs found half felt the proposed legislation was ‘insufficient’.

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China’s economic stimulus

How can China unleash the spending power of its millions of migrant workers?

Deregulation and ‘people-centred urbanisation’ that fills public service gaps can spur consumption, Hong Kong forum told.

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Migrant workers arrive at Beijing West Railway Station in February 2020. Photo: Xinhua
China's economic recovery

‘Extremely brutal’: are China’s private firms paying the price for official debt?

Recent trials have compounded concerns about unduly harsh legal action targeting businesses in other regions to ease the local debt situation.

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Local authorities increasingly tend to treat civil fraud as criminal fraud, a much more serious offence, to “extract money”, according to one legal expert. Photo: AP
China GDP

Top Chinese officials urged to make all-out effort to hit annual growth targets

Beijing has already unveiled a series of stimulus measures, with more expected amid a final push to reach this year’s ‘around 5 per cent’ target.

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China's economic recovery

Olive branch from Beijing to private firms: more access to national projects

Move part of efforts to reverse prolonged downturn in business sentiment among private enterprises.

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