The highly anticipated Private Economy Promotion Law in China, the country's first dedicated law supporting private sector development, failed to pass during the recent annual Two Sessions (National People's Congress and Chinese People's Political Consultative Conference).
The bill's drafting process began in February 2022, followed by the release of a draft for public comment in October 2022. It underwent its first review by the National People's Congress Standing Committee in December 2022. The second review was scheduled for February 24, 2023, shortly before the Two Sessions.
The absence of the bill from the National People's Congress's agenda led to speculation that the second review revealed unexpected disagreements, prompting a decision to delay its enactment to allow for more thorough refinement.
The postponement highlights potential complexities and challenges in the legislative process concerning the development of China's private economy.
一年一度的中国两会（全国人大、政协年会）本周落幕，但备受市场关注的《民营经济促进法》，并不是今年两会审议的法案之一，关于这部法律为何没有推出的种种猜测随之而来。
民营经济促进法是中国第一部专门关于民营经济发展的基础性法律。去年2月，官方宣布民营经济促进法起草工作已启动，同年10月公布草案征求意见稿，12月提请全国人大常委会初次审议。今年2月24日，也就是全国两会召开一周前，民营经济促进法草案提请二审。
不过，本月召开的全国人大全体会议议程，不包括审议民营经济促进法，人大闭幕后通过的几项决议草案和工作报告，自然也不包括民营经济促进法。有分析因此认为，法案二审时可能引发超出预期的意见分歧，使得决策层决定暂缓出台，花费更多时间对内容进行打磨完善。
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