(Source: "Guangming Daily" 2025-05-11)
On April 30, the "w88 login Economy Promotion Law of the People's Republic of China" was voted and adopted at the 15th meeting of the Standing Committee of the 14th National People's Congress and will come into effect on May 20. The promulgation of this important law is a landmark event in the construction of a socialist market economy and a milestone in the development of my country's w88 login economy. It fully reflects the great importance attached by the party and the state to the w88 login economy and provides solid legal support for the steady development of w88 login enterprises and the strong protection of legitimate rights and interests.
Since the 18th National Congress of the Communist Party of China, the Party Central Committee has made a series of important decisions and arrangements to promote the development of the w88 login economy. General Secretary Xi Jinping emphasized at the w88 login enterprise symposium that the development of the w88 login economy in the new era and new journey has broad prospects and great potential, and it is time for the majority of w88 login enterprises and w88 login entrepreneurs to show their talents. The enactment and promulgation of the w88 login Economy Promotion Law is an important measure to transform the party and the state's policies on the w88 login economy into legal norms. It fully reflects the party's continuous inheritance of the theory and practice of w88 login economy development and keeping pace with the times.
Currently, the development of my country's w88 login economy still faces some challenges in terms of fair participation in market competition, equal use of production factors, and public service guarantees. At the same time, w88 login enterprises also have weaknesses in their own innovation and development capabilities. The w88 login Economy Promotion Law addresses these issues and vigorously improves relevant institutional measures, which is conducive to stimulating the endogenous power of the w88 login economy and playing its important role in building a strong country and rejuvenating the nation.
In terms of content, the w88 login Economy Promotion Law is conducive to improving the basic socialist economic system and promoting fair competition. For example, for the first time, important contents such as "unswervingly consolidate and develop the public economy, and unswervingly encourage, support, and guide the development of the non-public economy" are written into the law, clarifying the legal status of the w88 login economy, and integrating it with the relevant provisions of the Constitution, which has great legal significance.
The w88 login Economy Promotion Law has 9 chapters and 78 articles in total. The content is systematic and rich. It includes specific arrangements for policy support and institutional supply, as well as clear provisions on the protection of the legitimate rights and interests of w88 login enterprises, which fully reflects the systematic and innovative nature of legislation.
First, the w88 login Economy Promotion Law clarifies and emphasizes a series of important guiding principles and overall requirements. It is clear that promoting the development of the w88 login economy adheres to the party's leadership, adheres to the people-centered approach, and adheres to the socialist system with Chinese characteristics; adheres to and improves the basic socialist economic system, and adheres to the "two unwavering principles." It is clear that the w88 login economy is an important part of the socialist market economy, a new force in promoting Chinese-style modernization, an important foundation for high-quality development, and an important force in promoting my country to comprehensively build a modern and powerful socialist country and realize the great rejuvenation of the Chinese nation. Clearly promoting the sustainable, healthy and high-quality development of the w88 login economy is a major principle and policy that the country has long adhered to. This series of important regulations provides legal reassurance to the majority of w88 login enterprises.
Second, the w88 login Economy Promotion Law has made systematic provisions in creating a fair environment and strengthening policy support, including ensuring fair competition, optimizing the investment and financing environment, and supporting scientific and technological innovation. For example, prohibiting the establishment of unreasonable market access conditions for w88 login enterprises and promoting the equal enjoyment of policy treatment and market resources by all market entities will help provide more development opportunities for w88 login enterprises; such as encouraging financial institutions to provide diversified and low-cost financial services to w88 login enterprises and establishing Improving the financing guarantee system for w88 login enterprises, broadening the financing channels for w88 login enterprises, etc., can inject development momentum into w88 login enterprises; for example, encouraging w88 login enterprises to increase investment in research and development, supporting w88 login enterprises to participate in major national science and technology projects, and promoting the in-depth integration of industry, academia, and research, etc., will help stimulate the innovation vitality of w88 login enterprises.
Third, the w88 login Economy Promotion Law highlights the construction of innovative mechanisms such as policy guidance and rights protection, including focusing on normative guidance, strengthening service guarantees, and strengthening rights protection. For example, the w88 login Economy Promotion Law clarifies that w88 login economic organizations and their operators should support the leadership of the Party and guide operators of w88 login economic organizations to practice core socialist values; it is clear that a smooth and effective government-enterprise communication mechanism must be established, and that attention should be paid to listening to opinions when formulating normative documents closely related to the production and operation activities of business entities; in conjunction with relevant laws, it clearly stipulates the principle of non-retroactivity of laws. At the same time, the w88 login Economy Promotion Law also particularly emphasizes that the personal rights, property rights, business autonomy and other legitimate rights and interests of w88 login economic organizations and their operators are protected by law.
As the first basic law specifically related to the development of the w88 login economy, the w88 login Economy Promotion Law is of great significance and far-reaching influence in promoting the high-quality development of the w88 login economy.
First of all, legal protection enhances corporate confidence and stabilizes expectations. The w88 login Economy Promotion Law defines the party and the state's policies on the w88 login economy as long-term effective legal norms, which helps to fundamentally eliminate the concerns and wait-and-see mood of w88 login enterprises. In the current situation of increasing uncertainty in the external environment, this will help w88 login enterprises develop with greater peace of mind, dare to invest in long-term projects, and stabilize investment and operating expectations.
Secondly, fair competition stimulates market vitality and promotes high-quality development. The w88 login Economy Promotion Law provides w88 login enterprises with fairer treatment in market competition, will encourage w88 login enterprises to further release their potential and vitality, cultivate new growth points and employment opportunities, and provide strong support for the upgrading of my country's economic structure and technological progress. At the same time, the law promotes the breaking of administrative monopolies and various explicit and implicit barriers, which is conducive to the complementary advantages of various ownership economies, healthy competition, and optimization of resource allocation efficiency. This is of great significance for improving the socialist market economic system and building a high-standard market system.
Once again, policy support helps break through development bottlenecks and enhance corporate innovation. Under the protection of the w88 login Economy Promotion Law, various enterprise-friendly support policies will be better implemented and the business environment will be further optimized. The innovation investment and transformation and upgrading of w88 login enterprises will be accelerated, and the innovation-driven function of the w88 login economy will be further fully utilized, helping to significantly improve my country's overall international competitiveness.
With the promulgation and implementation of this law, with the joint efforts of the whole society, the w88 login economy will usher in a broader space for development. It is also expected that the majority of w88 login enterprises can seize the opportunity, ride on the momentum, and contribute more to the realization of the Chinese dream of the great rejuvenation of the Chinese nation.
(Author: Ji Wenhua, professor at the National Institute for Opening up and Law w88 casino, w88 casino)
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