China pledged to strengthen its private economy through several policy measures aimed at supporting private businesses and bolstering the nation's post-pandemic recovery. Amid weak growth, these efforts seek to revive the private sector, which has been hampered by Covid-19 restrictions and a broad regulatory crackdown. The measures include protection of property rights for private firms, ensuring fair market competition, and the creation of a ‘traffic light’ system to guide private investment. There will also be support for eligible businesses to list and refinance. Moreover, platform companies will be encouraged to contribute significantly to job creation and international competition. The move comes as the Chinese economy experienced sluggish growth in the second quarter, increasing pressure on policymakers to stimulate economic activity.