BEIJING - Chinese lawmakers on Friday voted to adopt a law to promote the development of rural collective economic organizations and safeguard the interests of farmers.

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The law, which was passed at a session of the Standing Committee of the National People's Congress, the national legislature, will take effect on May 1, 2025.

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According to the law, the government will support the development of these organizations through fiscal, tax, financial, land, talent, and industrial policies, to strengthen the new rural collective economy.