A recent meeting of the Political Bureau of the CPC Central Committee called for promoting the healthy development of platform economy, completing special rectification, implementing regular supervision, and issuing specific measures to support the standardized and healthy development of platform economy. This statement is remarkable.

In January this year, the nine departments issued several opinions on Promoting the Standardized, Healthy and Sustainable Development of platform economy. In March, the Special meeting of the Financial Stability and Development Committee of The State Council proposed to promote the stable and healthy development of the platform economy and improve its international competitiveness. From the "Opinions" emphasizing "regulating healthy development", to the financial Services Commission meeting proposing "stable and healthy development", to the Political Bureau of the CPC Central Committee meeting highlighting "promoting healthy development", the signal sent is more positive, and the market feedback is more positive. It can be said that the platform economy is expected to improve confidence significantly.

For a long time, China has adopted an inclusive and prudent regulatory attitude towards the "four New economies" represented by platform economy. In recent years, in view of the chaos of the platform economy in data security, algorithm security, abuse of market dominance, infringement of users' privacy and other aspects, China attaches equal importance to standardization and development, establishes and improves the platform economy governance system, and promotes the healthy and sustainable development of the platform economy.

The overall situation of China's platform economy development is good, the role is positive. To address existing problems, the key is to strengthen areas of weakness and create a market environment that encourages innovation, fair competition, and is regulated and orderly. It should be noted that the promotion of healthy development now does not mean to relax regulation, but with the improvement of a series of regulatory measures and policies, the four pillars and eight pillars of the supervision of the platform economy have been basically determined, which will gradually curb the chaos of the platform economy and enter a new stage of a virtuous cycle.

It can be expected that after the rectification of large platform companies is accelerated, the follow-up supervision of platform economy will shift from abnormal centralized governance to normal supervision based on the principles of marketization, legalization and internationalization, creating a better environment for the development of platform economy while preventing the recurrence of various problems.

Positive market feedback is also an important reason for the release of a major positive conference -- will be issued to support the healthy development of the platform economy standard specific measures. According to the opinions issued by the nine departments, under the principle of standardized, transparent and predictable governance, a series of measures are expected to support the platform to strengthen technological innovation, enhance the level of global development, enable the transformation and upgrading of manufacturing industry, promote the digital transformation of agriculture and enhance the platform's consumption creativity, etc.

As an important force for China to participate in international market competition, platform enterprises are indispensable for the research and exploration of 5G, artificial intelligence, Internet of Things and other new technologies, and for the development and application of commercialization. At the same time, platform economy is also an important force in China's economic development, playing an irreplaceable role in stabilizing growth, ensuring employment and promoting development. The meeting of the Political Bureau of the CPC Central Committee proposed to support the development of platform economy to inject confidence into relevant market players, but how long the optimism can last depends largely on when and how strong the specific measures to support development are introduced. Relevant departments should implement it as soon as possible, so that platform enterprises can feel at ease in their development and reignite the vitality of innovation and development.

From an objective point of view, the platform economy has taken on a new look after two years of intensive rectification, despite the pains of not adapting to it, and has become more innovative, open and supportive to the macro economy. The global market is always there, and the technology and energy accumulated in the platform economy over the past decade are also there, ready for development. We hope that policies and the market will work together to enable platform enterprises to give full play to their advantages in promoting innovation, sharing and precise resource matching, and become an important support for building new drivers of economic growth and new national competitive advantages, and promote China's platform economy to a new level of development.

Source: State-owned Assets And Administration Commission of The State Council