China's draft Private Economy Promotion Law aims to prohibit illegal fees and unauthorised restrictions. Scholars view this as a signal of government support for the private sector ahead of the National People’s Congress and the Chinese People’s Political Consultative Conference. SMU Associate Professor of Finance Fu Fangjian noted that discussions on the law and related media coverage emphasise the government's focus on private enterprises. He expects China to introduce measures to support the private economy during the upcoming Two Sessions in March.
