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Promoting healthy development of platform economy among China's measures to stabilize economy

( May 31, 2022, 06:50 GMT | Official Statement) -- MLex Summary: The Chinese government will bring into full play the platform economy’s role in stabilizing employment and alleviating difficulties faced by medium- and small-sized companies, according to a package of measures introduced by the State Council to stabilize the economy. China will support the healthy development of the platform economy by promoting fair competition and set “traffic lights” instructing businesses on what’s prohibited or permitted, so as to curb the disorderly expansion of capital. Online platform companies were also encouraged to advance research and development in the fields of artificial intelligence, cloud computing, blockchain technology, operating systems, and processors.The full text of the measures follows:...

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