The National Development and Reform Commission organized and held a national seminar launching conference for the "Promotion of Private Economy Law".

The Law of the People's Republic of China on the Promotion of Private Economy will come into effect on May 20th. On May 19th, the National Development and Reform Commission organized a national video conference to launch the promotion of the Law on the Promotion of Private Economy, explaining its significance and main contents, and deploying the work of learning, promoting, and implementing the law. The meeting believes that the promulgation of the Law on the Promotion of Private Economy is a landmark measure to implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Party and the important speech by General Secretary Xi Jinping at the private enterprise symposium. It fully demonstrates the clear position and firm determination of the Party and the country to promote the development of the private economy. It has significant and far-reaching implications for further optimizing the development environment of the private economy, stimulating the development momentum of the private economy, and promoting high-quality development of the private economy. The meeting pointed out that the development and reform system should carry out in-depth activities for learning and promoting the Law on the Promotion of Private Economy. Organize cadres and employees to comprehensively study the legal content, continuously improve their ability to use legal thinking and legal methods to promote the development of the private economy. Enrich the forms of propaganda and interpretation, help private enterprises to study and use the law well, protect their legitimate rights and interests, better expand development space, focus on improving core competitiveness, and promote various sectors of society to understand and abide by the law, together promoting the high-quality development of the private economy.