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Policy

China to further support growth of new business models

July 15, 2020


Abstract : Chinese authorities on Wednesday unveiled a guideline to support the healthy growth of new business models, in the latest move to boost consumption and create jobs.

BEIJING, July 15 (Xinhua) -- Chinese authorities on Wednesday unveiled a guideline to support the healthy growth of new business models, in the latest move to boost consumption and create jobs.

Efforts will be made to further strengthen the digital economy, said the guideline jointly released by 13 central government departments, including the National Development and Reform Commission.

The country will work to nurture more independent business owners and support self-employment, amid measures to spur on new types of private businesses to create new space for consumption.

Efforts will be stepped up in promoting the micro economy and encouraging the innovation of side businesses, the guideline said.

The guideline also listed measures to explore new modes of online services, accelerate the digital transformation of industries and foster new models of the sharing economy. Enditem

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Keyword: digital economy new business models

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