Chinese Official Document Lays Out 34 Tasks to Promote Private Economy by 2026

CNA, Taipei, 17th - Amid a lack of confidence in China's private economy, the State Administration for Market Regulation (SAMR) recently issued a document outlining 34 key work points for "promoting the development and growth of the private economy" this year. It pledges to adhere to a dual approach of "heavying both regulation and promotion of development," emphasizing the firm removal of barriers, deepening the construction of a "unified national market," and reiterating a thorough crackdown on "involution-style" competition to safeguard fair development. Xinhua News Agency reported today that China's SAMR recently issued the "2026 Work Points for Market Regulation Departments to Promote the Development and Growth of the Private Economy," proposing 34 key tasks. According to the report, the document vows to uphold the principle of "placing equal emphasis on regulatory norms and promoting development," continuously "creating a fair competitive environment, innovating regulatory governance methods, and enhancing development service capabilities" to promote the high-quality development of the private economy with "a better environment, more concrete measures, and stronger support." In terms of strengthening legal and policy guarantees for the private economy, the document advocates for improving the legal system for fair competition and the regulatory system for enterprise-related fees, enriching credit incentive measures and technical trade support for enterprises, and enhancing policy supply to promote the development of individual industrial and commercial households, thus solidifying the legal foundation. Regarding maintaining a fair and competitive market order, the document emphasizes firmly breaking down barriers, advancing the construction of a "unified national market," strengthening anti-monopoly compliance promotion and guidance, and deeply rectifying "involution-style" competition to protect fair development. In terms of enhancing the effectiveness of regulatory enforcement, the document suggests exploring regulatory models such as "off-site, non-contact, and code-scanning entry" to improve the fairness and civility of administrative law enforcement, increasing rectification efforts in key areas, and enhancing governance capabilities. To enhance the ability to serve the private economy's development, the document advocates for deepening precise assistance for individual industrial and commercial households through categorization, continuously building a "credit + service" brand, strengthening infrastructure support, and assisting "high-quality development."