In a significant move to bolster China’s economic landscape, Chinese Premier Li Qiang presided over a State Council executive meeting on Friday, focusing on the healthy development of the platform economy and enhancing safety regulations in the chemical industry.
Strengthening the Platform Economy
The meeting underscored the pivotal role of the platform economy in expanding domestic demand, stabilizing employment, and improving people’s livelihoods. The platform economy, encompassing online marketplaces, social media platforms, and other internet-based services, is seen as a driving force for innovation and economic growth in the Chinese mainland.
Officials called for intensified efforts to strengthen industrial internet platforms and support consumer internet companies in tapping into market potential. Emphasis was placed on promoting the law-based and orderly cross-border flow of data, ensuring that platform enterprises operate within standardized frameworks and engage in fair competition.
“Enhancing the quality of platform enterprises is essential to fully unleash their potential in boosting employment,” the meeting noted, highlighting the need for improved services and operations in the sector.
Advancing Chemical Safety Legislation
The State Council also discussed and approved a draft law on hazardous chemicals safety. The draft will be submitted to the Standing Committee of the National People’s Congress, China’s top legislature, for deliberation.
The proposed legislation focuses on establishing preventive mechanisms to manage safety risks at various levels and eliminate hidden hazards in the chemical industry. The aim is to enhance safety management throughout the entire process of production, storage, utilization, operation, and transportation of hazardous chemicals, thereby decisively curbing the occurrence of major accidents.
The meeting emphasized the importance of improving the professional skills of industry personnel and promoting large-scale equipment upgrades. Accelerating the phase-out, upgrading, and renovation of outdated chemical facilities was identified as a critical step toward ensuring industry safety and efficiency.
Regulatory Revisions and Reforms
In addition to the focus on the platform economy and chemical safety, the meeting decided to revise certain provisions in 21 regulations, including those regarding the supervision of medical equipment. It also approved the abolition of four existing regulations, signaling a commitment to streamline administrative processes and update regulatory frameworks in line with current needs.
Reference(s):
cgtn.com
