Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
SHANGHAI, May 28 (Xinhua) — Chinese Vice Premier Zhang Guoqing has stressed efforts to promote the healthy development of the platform economy and maintain a fair and orderly market environment.
Zhang Guoqing, also a member of the Political Bureau of the CPC Central Committee, made the remarks during an inspection tour of the east Chinese city of Shanghai from Tuesday to Wednesday.
During his visit to online retail, live streaming e-commerce and food delivery companies, Zhang Guoqing pointed out that the platform economy plays an important role in stimulating innovation and entrepreneurship and strengthening internal circulation. He called on relevant companies to devote more resources to providing high-quality products and services.
When developing platform rules, it is necessary to strictly adhere to the principles of openness and honesty, decisively suppressing unfair competition using bargain prices and low-quality goods, the Deputy Prime Minister of the State Council pointed out.
Zhang Guoqing said all platforms should use positive and beneficial algorithms while ensuring reasonable and transparent pricing standards. He called for stronger measures to crack down on violations, including price manipulation, false advertising and sales inflated prices.
Zhang Guoqing called for more efforts to eliminate regulations and practices that hinder the establishment of a unified market and fair competition, and stressed the need to crack down on illegal extortion from enterprises to maintain a favorable market environment.
In addition, the Vice Premier of the State Council called on market regulators to accelerate the implementation of new technologies, particularly in the field of big data and artificial intelligence, in order to improve the quality and effectiveness of regulation. –0–