China Promotes High-quality Development Of Platform Economy

The government’s aim to promote a platform economy does not mean such companies can revert to past practices of rapid expansion and low-level homogeneous competition, said the state-owned Securities Times in a commentary following Premier Li Qiang’s call to create a friendly environment for them. The government should guide them to strengthen technological innovation, empower the real economy and improve international competitiveness to achieve high-quality development of the sector. Platform firms should also help to provide new growth engines and create more employment opportunities. (Source: Securities Times)