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CN VP Zhang Guoqing Conducts Research in Shanghai, Advocates for Healthy Ecosystem for Platform Econ
Zhang Guoqing, Vice Premier of the State Council of China, emphasized during his research in Shanghai over the past two days (27-28th) on promoting the healthy development of the p...
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CN VP Zhang Guoqing Conducts Research in Shanghai, Advocates for Healthy Ecosystem for Platform Econ
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Zhang Guoqing, Vice Premier of the State Council of China, emphasized during his research in Shanghai over the past two days (27-28th) on promoting the healthy development of the platform economy and market supervision, the need to focus on promoting high-quality development, comprehensively strengthening governance capabilities in the field of market supervision, and promoting the construction of a healthy ecosystem for the platform economy to maintain a fair and orderly market environment, reported Xinhua News Agency.

Zhang visited platform companies in online retail, live-streaming e-commerce, and food delivery sectors. During his investigation into the innovation of consumption scenarios, application of new technologies, and implementation of main responsibilities, he underscored that platform companies should use traffic resources to support high-quality products and services, achieving mutual benefits with merchants, new employment forms of workers, and consumers within the platform, jointly promoting the healthy development of the platform economy.

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It is essential to ensure the legitimate autonomous business rights of merchants and resolutely curb malicious competition such as low-quality and low-price competition; adhere to positive and ethical platform algorithms, optimize algorithms for order distribution and instant delivery, and protect the legitimate rights and interests of all parties. At the same time, platform fee standards should be clarified, ensuring reasonable and transparent charges while actively taking measures to reduce the burden on merchants; regulate live-streaming e-commerce behavior, strictly manage the qualifications of live room operators and e-commerce anchors, and promptly take measures such as traffic restriction, suspension, account closure, and blacklisting against illegal activities like malicious price comparison, false advertising, and fake transactions, to vigorously rectify various irregularities.

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