China is turbocharging its digital future! The State Council announced major policy upgrades to boost the platform economy—think growth, jobs, and innovation on steroids.
Chaired by Premier Li Qiang, Friday’s meeting outlined plans to unleash market potential while balancing oversight.
What’s in the Blueprint?
Platform giants (like e-commerce and industrial internet players) will get fresh support via data-sharing frameworks, smoother cross-border data flows, and policies aligned with national economic goals. But hey—no wild west here! The plan also dials up competition rules and consumer protections, ensuring fair play and better labor practices.
Safeguards & Safety First
New systems for online complaints and post-purchase reviews are rolling out, and workers’ rights get a spotlight . Plus, a new hazardous chemicals safety law aims to tighten corporate accountability and reduce industrial risks—because safety never takes a day off.
Big Bucks for Upgrades
Over 150 billion yuan ($20.7B) in bonds will fuel upgrades across seven sectors: manufacturing, agriculture, education, transport, culture, tourism, and healthcare. Think of it as China’s mega-investment in a smarter, greener economy.
Bottom line? China’s doubling down on tech-driven growth while keeping checks in place. Stay tuned for more digital waves!
Reference(s):
cgtn.com