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<p>In this episode, Zheming unpacks a pivotal moment in China's economic development: the official passage of the <em>Private Economy Promotion Law</em>. This landmark legislation, effective May 20, 2025, represents the first comprehensive legal framework in China aimed specifically at protecting and empowering the private sector — a sector that contributes over 60% of the country's GDP and over 80% of urban jobs.</p><p>Why does this law matter now? What does it signal to entrepreneurs, investors, and foreign partners? How does it reflect the broader transformation of China's economic strategy in the face of geopolitical headwinds and domestic restructuring?</p><p>Zheming, a seasoned media professional and strategic communications expert, guides listeners through the law's key provisions and political context, with professional commentary grounded in real-world insights.</p><p><em>Tune in to hear why this new legal framework might just be the most consequential shift in China's economi...