"Chinese officials on Thursday introduced various measures to implement the country’s first fundamental law dedicated to promoting the private sector, which will take effect on May 20 after being passed at a session of the Standing Committee of the National People’s Congress on April 30. …
Zheng said that the NDRC is accelerating the improvement of long-term mechanisms for private enterprises to participate in major project construction. She noted that the NDRC will introduce premium projects totaling approximately 3 trillion yuan ($415.20 billion) in key sectors, including transportation, energy, water conservancy, new infrastructure and urban infrastructure. …"
The major impacts of the “Rule of Law” in the West seem to have been the creation of an expensive regulatory goo that mires down private sector investments along with the creation of ultra-rich unaccountable Big Law firms. One wonders how/if China will be able to avoid those problems?
