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

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

China’s draft legislation to promote the private economy needs urgent refinements, including penalties for law-enforcement agencies overstepping their authority and infringing on the rights of businesses, a former State Council official has said. Former deputy director of the industry, commerce and trade research department Chen Yongjie pointed out that entrepreneurs felt that clauses in the…

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China’s commitment to economy not undermined, analysts say in absence of large stimulus

China’s commitment to economy not undermined, analysts say in absence of large stimulus

China’s top economic planner has solidified Beijing’s commitment to bolstering the economy, by reiterating confidence in achieving the full-year growth target, while the lack of a new big-bang stimulus that the markets had expected does not change the supportive policy direction, according to analysts. Pundits added that more measures may be in store as authorities…

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