Hey there! Did you hear the big news from China? 🇨🇳 China just passed a new law to help private businesses grow and succeed! 🚀
You might be wondering, what are private businesses? 🤔 Well, they’re companies run by people like your parents or neighbors, not by the government. They can be shops, factories, tech startups, and more!
This new law is super important because it’s the first time China has made a big law just for helping private businesses. It has 78 parts and will start on May 20. 📅
The law will help in many ways, like:
- Making sure all businesses can compete fairly ⚖️
- Helping companies get money to grow 💰
- Encouraging new inventions and technology 💡
- Protecting the rights of business owners 🛡️
Did you know that private businesses in China are a big deal? They make more than 60% of all the goods and services (that’s called GDP) China produces and give jobs to 80% of people in cities! That’s a lot! 😮
There are over 57 million private companies in China, which is more than 92% of all businesses there. With this new law, these businesses can do even better, which is great news for China’s economy and the people who work there! 🌟
What do you think about this new law? Could it help other countries too? Share your thoughts! 🤗
Reference(s):
cgtn.com
