China’s supreme court issued guidelines to promote development of private sector
MACRO POLICY & REGULATION
China’s supreme court issued guidelines to promote development of private sector
MACRO POLICY & REGULATION

China’s supreme court issued guidelines to promote development of private sector

 

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China’s Supreme People’s Court on Tuesday released guidelines to promote the development of the private sector, with a focus on protecting the property rights of private enterprises and the lawful interests of entrepreneurs.

The guidelines issued by the Supreme People’s Court stressed legal protection of private firms and the “personality rights” of entrepreneurs.

The authorities will crack down on behaviours including slandering, disparaging or smearing private firms and entrepreneurs and misleading the public online to attract attention and will also crack down on infringements on the legitimate rights and interests of private firms, according to the guidelines.

In September, China announced the establishment of a bureau specializing in promoting the private economy’s development under the country’s top economic planner in a significant move to further bolster the private sector.