Broadening the Horizons of China's Domestic Private Sector as the Future Engine of Growth

For the first time, the State Council has offered substantive legal parameters for the growth of China's burgeoning domestic private sector. The Opinion issued by the State Council brings the legal status of local private enterprises closer to that enjoyed by state and foreign-owned companies. Despite this, there is still more to be done to make China's private sector globally competitive.

18 minute readJuly 02, 2005 at 12:58 AM

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By Susan Munro, Bingna Guo and Sean Y.S. Tai, O'Melveny & Myers LLP, Shanghai and Hong Kong

On February 25 2005, the State Council issuedCertain Opinions on Supporting and

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