China steps up protections for private sector in updated draft law

China has moved to ban authorities from imposing fines on private businesses without a legal basis in the latest draft of a new private-economy promotion law, as the country’s leaders step up efforts to boost confidence in the private sector and shore up economic growth. Source: https://www.scmp.com/economy/china-economy/article/3299981/china-steps-protections-private-sector-updated-draft-law