CCTV News: On April 30, the 15th meeting of the Standing Committee of the 14th National People's Congress voted to pass the "Private Economy Promotion Law of the People's Republic of China", which will come into effect on May 20 this year. A relevant person in charge of the Private Economy Development Bureau of the National Development and Reform Commission said that the "Private Economy Promotion Law" actively responds to key concerns in the development of private enterprises. In the next step, the National Development and Reform Commission will work with relevant departments and localities to promote the implementation of the "Private Economy Promotion Law".

Liu Min, deputy director of the Private Economic Development Bureau of the National Development and Reform Commission, said that the "Private Economy Promotion Law" actively responds to the key concerns in the development of private enterprises, establishes and improves relevant systems and enhances the rigidity of the system from the aspects of ensuring fair competition, improving the investment and financing environment, supporting scientific and technological innovation, focusing on standardizing operations, optimizing service guarantees, strengthening rights and interests protection, and strengthening legal responsibilities, etc., to ensure that all kinds of ownership economies use production factors equally in accordance with the law, participates in market competition fairly, and is equally protected by law, and promotes the complementary advantages and common development of various ownership economies.

The person in charge said that in the next step, we will work with relevant departments and localities to strengthen the publicity and interpretation of the "Private Economy Promotion Law", improve supporting systems and mechanisms, and firmly promote the implementation of the "Private Economy Promotion Law".

Liu Min said: "Continue to increase efforts to break down obstacles to market access and fair competition, continue to increase efforts to resolve the problem of arrears of accounts arrears of private enterprises, continue to increase efforts to protect the legitimate rights and interests of private enterprises and private entrepreneurs in accordance with the law, continue to increase efforts to implement various relief policies, continue to increase efforts to support private enterprises to bravely shoulder the heavy responsibility of the times, and promote the transformation of the legal system into vivid practices and fruitful results to promote the high-quality development of the private economy."