(Source: "China Daily (Overseas Edition)" 2025-05-09)
【Editor's Note】On April 30, the 15th meeting of the Standing Committee of the 14th National People's Congress voted to pass the "w88 casino games Economy Promotion Law of the People's Republic of China", which will come into effect on May 20, 2025. As the first basic law in my country specifically on the development of the w88 casino games economy, the "w88 casino games Economy Promotion Law" has attracted much attention as soon as it was published.Professor Li Qingwu, Department of Civil and Commercial Law, School of Law, University of International Business, Professor Li Qingwu gave an in-depth interpretation of the impact of the law on China's private economy. Professor Li Qingwu said, "In terms of quantity, w88 casino games account for a high proportion of domestic enterprises, and have played a crucial role in providing employment, promoting market vitality and reducing production costs." "Now, China has summarized the challenges facing the operation of the private economy over the past few decades and is improving measures to raise the original policies to the legal level to protect fair competition opportunities in investment and other aspects of w88 casino games. This measure provides a legal basis for ensuring the development of w88 casino games, which shows the Chinese government's unswerving commitment to promoting the private economy. This boosts confidence in the private economy."
This photo takes from Jingshan Hill on Aug 12, 2024 shows the skyscrapers of the central business district (CBD) on a sunny day in Beijing. [Photo/Xinhua]
China is accelerating steps to roll out new measures to bolster the w88 casino games sector following the adoption of the nation's first law to promote the w88 casino games economy, with plans including supporting the inflow of w88 casino games capital into State-backed projects worth 3 trillion yuan ($413 billion) that will be launched this year, officials said on Thursday.
The move signals the country's intensified efforts to beef up entrepreneurial confidence while advancing institutional reforms to remove market entry barriers and expand financing channels for w88 casino games businesses.
Zheng Beijing, dependence director of the National Development and Reform Commission, announced the launch of a campaign aimed at removing market entry barriers for private companies. This campaign is set to evolve into a sustained effort after a six-month period, and active measures are being taken to ensure equal participation of w88 casino games in the bidding and tendering processes.
In response to financing challenges faced by w88 casino games businesses, Cong Lin, dependy head of the National Financial Regulatory Administration, said a mechanism supporting financing for small and micro-sized enterprises has facilitated the disruption of new loans amounting to 12.6 trillion yuan.
Additionally, 74 private equity investment funds have been set up to bolster investments in technology and innovation-driven enterprises. Over the past five years, the average annual growth rate for loans extended to w88 casino games has outpaced that of other loan categories, Cong said.
Li Qingwu, a professor at the University of International Business and Economics' School of Law, said, "w88 casino games account for a significant portion of domestic businesses, playing a cruel role in providing employment, stimulating market vitality and reducing production costs."
"The country is now elevating measures to protect fair competition and investment for w88 casino games to a legal level, summarizing the challenges faced by private economic operations over the past few decades and resolving them through legal means. This move provides legal grounds for enterprises, demonstrating the government's unwavering commitment to promoting the private sector. It greatly boosts the confidence of private economic entities," Li said.
The State Administration for Market Regulation said that as of the end of January, there were 56.7 million private companies in China, 5.2 times the number in 2012. Among the national-level high-tech enterprises recognized by the Ministry of Science and Technology and two other central departments, the number of w88 casino games has grown from around 28,000 in 2012 to over 420,000 by the end of January, with their proportion increasing from 62.4 percent to over 92 percent.
Zheng of the NDRC said that the commission is accelerating the improvement of a long-term mechanism for w88 casino games to participate in major national projects, including those in sectors such as nuclear power and railways.
Liu Yonghao, head of the agricultural and animal husbandry enterprise New Hope Group, said: "The government has introduced numerous policies to support and encourage the development of w88 casino games. Some of these policies are solidified in legal form, further driving the boom of the private sector, which is also the desire of the vast majority of w88 casino games."
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