Chinese Vice Premier of the State Council, Zhang Guoqing, conducted a survey on industrial innovation and the promotion of healthy development of the platform economy from Sunday (15th) to Tuesday (17th) in Guangdong.

He accentuated the need to promote the deep integration of technological and industrial innovation, continuously shaping new momentum and advantages for development, and to balance development with regulation. The focus should be on improving the governance system of the platform economy and building a fair and orderly development environment.

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During his visit to Guangdong, Zhang investigated internet freight platform enterprises. He stressed that freight platform enterprises play an important role in reducing logistics costs, facilitating economic circulation, and stabilizing employment.

He said it is necessary for such enterprises to implement the responsibilities of platform entities, reasonably set commission rates, disclose pricing and bidding rules, optimize order distribution algorithms, strengthen entry audits and safety management, and protect the legitimate rights and interests of freight drivers and consumers.

Efforts should be ramped up to improve laws and regulations concerning platform rules, algorithms, charges, and live-streaming e-commerce, establish a normalized supervision system for the platform economy, strengthen regulatory enforcement, and severely crack down on false advertising, low-quality and low-price competition, and other disruptive behaviors.

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Unreasonable charges and commissions, unfair traffic distribution. Abuse of market dominance should be investigated and dealt with according to law to regulate competitive order and promote the healthy development of the platform economy.