China is accelerating the legislative process of the Private Economy Promotion Law. Observations believe that this move will bring benefits to the development of the private economy.
The key to making greater efforts to eliminate blockages in the business environment is to improve the legal system that regulates and guides the healthy development of private capital. Legislation means institutionally and legally ensuring that private enterprises can receive equal treatment, ensuring fair participation in market competition, and boosting the confidence of private enterprises. The symposium mentioned the management of arrears in the accounts of small and medium-sized enterprises. For example, there were some "invisible thresholds" for bidding in the past.