China’s State Council has outlined ambitious plans to enhance policy support for the platform economy, aiming to drive growth, create employment opportunities, and foster innovation. The announcement was made during a State Council meeting on Friday, chaired by Premier Li Qiang.
The meeting emphasized the critical role of the platform economy in expanding domestic demand, stabilizing jobs, and empowering the real economy. In line with these goals, the government pledged to strengthen support policies, including bolstering data supply, promoting lawful cross-border data flows, and aligning platform policies with broader macroeconomic objectives.
Efforts will also focus on regulating competition, improving supervision, and encouraging platform companies to operate responsibly and competitively. This includes measures to enhance oversight, expand industrial internet platforms, and help consumer internet platform companies unlock market potential.
Protecting consumer and labor rights was highlighted as a key priority. New measures will improve systems for online complaint resolution and post-purchase reviews, guiding platforms to regulate employment practices in accordance with labor laws to boost job creation.
In addition to supporting the platform economy, the meeting approved a draft law on hazardous chemicals safety, which will be submitted to the National People’s Congress for review. The proposed law aims to bolster corporate responsibility, enhance regulatory enforcement, and reduce risks through cross-departmental collaboration. It also calls for upgrading safety management systems, training workers, and phasing out outdated chemical facilities to minimize accidents.
Furthermore, the National Development and Reform Commission announced the allocation of 150 billion yuan (approximately $20.7 billion) in special long-term bonds for large-scale industrial upgrades across seven key sectors, including manufacturing, agriculture, education, transportation, cultural tourism, and medical care. This investment is intended to promote industrial transformation and upgrading.
Reference(s):
cgtn.com
