China’s Premier Li Qiang Vows to End Unfair Targeting of Private Firms
- THE CHINA NOW
- Dec 19, 2024
- 3 min read
Summary
Chinese Premier Li Qiang pledges to crack down on unfair targeting of private firms by local governments.
A special campaign will be launched in 2025 to regulate business-related law enforcement.
The goal is to improve the business environment and boost market confidence amidst economic challenges.
In a critical step toward improving China's business climate, Premier Li Qiang has vowed to crack down on the unfair targeting of private enterprises by local governments. This pledge comes after several accusations that local authorities have been using administrative punishments to generate extra revenue by unjustly penalizing private companies.