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szdaily -> Business/Markets -> 
Liu pledges support for digital platforms
    2022-05-19  08:53    Shenzhen Daily

VICE Premier Liu He called for support for the development of the platform economy and technology companies’ stock listings in a meeting with executives and industry experts Tuesday.

China should support the sustained and healthy development of the platform economy and private sector, Liu said at a consultation session held by the Chinese People’s Political Consultative Conference (CPPCC) National Committee.

The platform economy refers to digital platforms, including those used to conduct online commerce.

The country should formulate measures to boost the orderly and sound development of the platform economy and encourage platform businesses to participate in major national sci-tech innovation projects, he added.

The government also needs to ratchet up direct investment in the digital economy, support the listing of digital companies in the capital markets at home and abroad, and cling to the strategy of opening up for the development of the digital economy, Liu said.

Recognizing China’s institutional advantages and massive market size, the political advisors at the meeting called for major breakthroughs in core technologies to retain the autonomy of developing the digital economy.

The political advisors also suggested that the country deepen the integration of the digital economy and the real economy, advance the digital transformation of small and medium-sized enterprises, and fully unleash the potential of the industrial internet.(CGTN)

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