The private sector promotion law, passed at a session of the Standing Committee of the National People's Congress, will take effect on May 20, 2025.
The draft, submitted to the Standing Committee of the National People's Congress (NPC) for a first reading, comprises 1,188 articles in five chapters including the general provisions, pollution prevention and control, ecological protection, green and low-carbon development, legal liability and supplementary provisions.
The draft proposes stricter oversight of arbitration practices, requiring tribunals to reject arbitration claims by parties if they are found to have fabricated evidence or colluded maliciously in an attempt to harm national interests, public interests, or the legitimate rights and interests of others through arbitration.
The draft revision, taking into account the new challenges and demands of prison work in the new era, proposes to further ensure prison security, better protect the legitimate rights and interests of criminals, and reinforce their education and reform.