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Cheng, R. Y. (2005). Formulating Flexible Regulations to Promote the Development of Small and Medium-Sized Enterprises: A Review of the 2004 “Small Business Economy” Report by the U.S. Small Business Administration, China Soft Science, No. 9, 44-46.

has been cited by the following article:

• TITLE: A Comparative Study on Legal Issues Concerning the Promotion of the Private Economy between China and the United States

  AUTHORS: Zhiwei Sun

  KEYWORDS: Comparative Law, Private Sector Development, Economic Regulation

  JOURNAL NAME: Beijing Law Review, Vol.16 No.4, December 1, 2025

  ABSTRACT: This paper provides a comparative analysis of the legal frameworks governing the private sector in China and the United States. The analysis focuses on China’s newly enacted Promotion of Private Economy Law and its ancillary regulations, contrasting them with the U.S. legal approach, which lacks a single omnibus law but supports private enterprise (particularly small businesses) through a decentralized system of statutes and programs. The comparison proceeds along several key axes: legislative purpose, market access, financial support mechanisms, legal protections, and competition policy. The study identifies significant divergences in legislative philosophy and regulatory technique, as well as unexpected convergences in policy objectives. The findings contribute to the comparative law literature on economic regulation and offer insights for ongoing debates about optimizing the legal environment for private enterprise in China.