The Chinese State Council has unveiled a comprehensive plan to enhance policy support for the platform economy, aiming to drive growth, employment, and innovation across the nation. During a State Council meeting on Friday, chaired by Premier Li Qiang, officials emphasized the critical role of the platform economy in expanding domestic demand, stabilizing jobs, and empowering the real economy.
The new measures include strengthening data supply, promoting lawful cross-border data flows, and aligning platform policies with broader macroeconomic goals. Additionally, the government plans to regulate competition more effectively, improve supervision, and encourage platform companies to operate responsibly and competitively.
Protecting consumer and labor rights is also a key focus. The State Council will implement new systems for online complaint resolution and post-purchase reviews, while guiding platforms to regulate employment practices in accordance with labor laws to boost job creation.
In a related move, the meeting approved a draft law on hazardous chemicals safety, set to be submitted to the National People's Congress for review. This law aims to bolster corporate responsibility, enhance regulatory enforcement, and reduce risks through cross-departmental collaboration, including upgrading safety management systems and phasing out outdated chemical facilities.
Furthermore, the National Development and Reform Commission announced the allocation of 150 billion yuan ($20.7 billion) in special long-term bonds. These funds will support large-scale industrial upgrades in seven key sectors: manufacturing, agriculture, education, transportation, cultural tourism, and medical care, promoting comprehensive industrial transformation and upgrading.
Reference(s):
cgtn.com
