Editorial: Stimulating Market Dynamics Through the Rule of Law

The comprehensive overhaul of China’s Company Law is complete, and it is significant. Recently, the National People’s Congress Standing Committee ratified the latest revisions to the Company Law, which will take effect July 1. As stated in the legislative explanation by the Standing Committee’s Legal Work Committee, amending the law is necessity “to foster a market-oriented, law-based, and international business environment and to better unleash the market’s innovative potential and vitality.” In the current economic climate, there is hope that the new law will advance the construction of the rule of law in China, stabilizing market expectations through legal means and help the Chinese economy return to its proper course swiftly.