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Sharing economy gets lift

07-20 2017 172 By Tom

A guideline to further boost China's sharing economy was approved on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.

Under the guideline, the growing sector will have easier access, greater policy transparency and better protection of legitimate rights for platform companies, resource providers and consumers. The guideline is aimed at creating an environment that enables and sustains innovation.

"We should give credit to the sharing economy as a reinvigorating force in China's economic growth," Li said.


The sharing economy includes areas such as bicycle-sharing services, car hailing services and even shared basketballs and phone chargers.

"The country's sharing economy, enabled by the Internet Plus, has been instrumental in absorbing excess capacity and creating new jobs through its various new business models," Li said.



A guideline to further boost China's sharing economy was approved on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.


Under the guideline, the growing sector will have easier access, greater policy transparency and better protection of legitimate rights for platform companies, resource providers and consumers. The guideline is aimed at creating an environment that enables and sustains innovation.

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