$0

No products in the cart.

China seeks to leverage the platform economy

Bookmark (0)
To login to your account click here.
HomeLatest Platform NewsApplication PlatformsChina seeks to leverage the platform economy

The Chinese government is to take a series of measures to support the ongoing development of businesses operating within the platform economy.

With the aim of leveraging SaaS and Internet-based technologies to boost slowing economic growth, the government will seek to both increase market access and reduce red tape in areas such as compliance and business registrations.

From a strategic perspective, the integration and amalgamation of IoT and internet-based software into the country’s manufacturing base will increase the competitiveness of its products.

Additionally, emphasis has been placed on providing a competitive environment for the platform economy by creating a transparent, integrated data-sharing system across public and private sectors.

Earlier this year, the government issued a seperate guideline on facilitating the growing sector, including a promise to foster a batch of $14 billion commodity markets by the start of 2020.

Related article:
TSMC says could fill order gap if unable to sell chips to Huawei