China’s Economy and Private Enterprises’ Creditworthiness
Image: Kai Stachowiak, Handshaking
(Publicdomainpictures.net)
During an important meeting held last week, President XI Jinping identified key challenges facing China such as “new changes” related to the “international situation” and emphasized the need to make domestic demand “the main driving force of economic development”. Various legal measures that China has introduced since May 2025 should help private enterprises—important contributors to China’s domestic economy—withstand these challenges. For example, in certain cases where private enterprises cannot pay counterparties compensation in accordance with court rulings, the courts are authorized to take flexible approaches to help these enterprises address their financial issues. Counterparties dealing with such enterprises should understand these approaches to better protect their own legal rights and interests.Read this article






























