Opinion: China Enlists the Courts to Restore Business Confidence
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Beijing is sending a message through the judicial system: The rights of private enterprise must be protected to stabilize the economy.
Businesses are the foundational cells of an economy. When they are stable, the economy is stable. Acknowledging this, China’s Supreme People’s Court recently released seven model commercial cases highlighting the legal protection of private enterprises. The rulings cover everything from optimizing the financing environment to protecting corporate reputations and reinforcing the principle of limited liability for shareholders.
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- China’s Supreme People’s Court released seven model commercial cases to strengthen legal protections for private enterprises, focusing on issues like financing, reputation, and shareholder liability.
- Beijing is promoting pro-business policies, such as the Private Economy Promotion Law, and emphasizing the need for fair competition, equal legal protection, and government-business integrity.
- Effective stabilization of China’s private sector requires judicial reform, improved policy implementation, and coordinated efforts from both government and businesses.
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