China's new private sector law: Foreign diplomats weigh in

What drives the approval of foreign ambassadors? Why has the private sector promotion law drawn so much global attention? Let's get the answers from this video!

China's Private Economy Promotion Law took effect on May 20, 2025, marking the country's first fundamental legislation dedicated to the private sector. China has rolled out a raft of measures to further foster a stable, fair, transparent and predictable business environment, providing vast opportunities for the private economy.