China started drafting a law to promote the development of the private sector economy, in the latest attempt by the Asian nation to recharge confidence.
The law will focus on the “core concerns” of private companies, including protecting their property rights, guaranteeing the interests of entrepreneurs, and managing missed payments for small- and medium-sized enterprises, China’s state broadcaster CCTV reported on Wednesday.
The move marks the latest attempt by the world’s second-largest economy to boost sentiment among private businesses. Their confidence has been rocked in recent years by heavy and sudden regulation of sectors from real estate to video games ...
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