China's first fundamental law dedicated to promoting the private sector came into effect on May 20, strengthening legal protections and injecting fresh momentum into a key driver of the world's second-largest economy
China's economy withstood pressure and maintained stable growth, continuing on a path of positive development amid internal challenges and increasing external shocks, an official of the National Bureau of Statistics (NBS) said on May 19
Against the current backdrop of economic fragmentation, trade wars and volatile capital flows, China's top financial regulators have unveiled a raft of supportive measures aimed at insulating domestic markets from external headwinds, while accelerating the transition to high-quality growth
China's business sector has demonstrated renewed vitality and momentum since the start of the year, driven by a series of strengthened government policies designed to foster a more supportive environment
In a fresh move to boost inbound spending, China unveiled a new set of measures on April 27 to further optimize its departure tax refund policy to improve the shopping experience of overseas travelers
