China Releases Anti-Monopoly Guidelines for its Platform Economy December 16, 2020 Posted by China Briefing Written by Sofia Baruzzi Reading Time: 8 minutes
Since launching its high-tech revolution under the Made in China 2025 Masterplan, Internet Plus, and China Standards 2035 policy initiatives, China’s economy has rapidly changed and the country is becoming a production hub for high-tech products.
Many of these changes come under what is commonly referred to as the fourth industry revolution, where the application of internet and software facilitates every aspect of work and daily life. Here digital platforms play a key role and have resulted in the evolution of a platform economy – a digitally based economy where activities are facilitated by online platforms, backed by the fast-expanding Internet sector.