China's 2026 plan targets private sector growth with 34 bold reforms
China’s State Administration for Market Regulation (SAMR) has unveiled a 2026 work plan aimed at boosting the private sector. The strategy includes 34 key initiatives to support business growth and streamline oversight. Officials hope these measures will create a fairer and more efficient market environment. The new plan builds on progress made since the Private Sector Promotion Law took effect in May 2025. Over 150 supportive policies have already been introduced under the law. By the end of March 2026, private enterprises in China reached 57 million, making up 92.3% of all registered businesses.
In the first three months of 2026, 1.979 million new private enterprises were established—a 7.1% increase from the same period last year. The SAMR’s latest initiatives focus on smart governance, including non-site inspections and a ‘scan-code entry’ system for enterprise checks. These changes aim to reduce red tape and improve regulatory efficiency. The plan also targets unfair competition by cracking down on ‘involution-style’ cut-throat practices. Barriers to a unified national market will be removed, and antitrust compliance guidance will be strengthened. Additional measures include tailored support for individual businesses, credit incentives, and a refined legal framework for fair competition.
The SAMR’s 2026 work plan seeks to foster high-quality growth in the private sector through targeted reforms. With nearly 58 million private enterprises now operating in China, the measures aim to simplify regulations, encourage innovation, and ensure a level playing field. The success of these policies will be closely watched as the year progresses.
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