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China Daily / 2022-11 / 02 / Page008

'Green lights' for healthy digital economy

China Daily | Updated: 2022-11-02 00:00
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In a report on the development of the digital economy he made to the country's top legislature on Friday, He Lifeng, minister of the National Development and Reform Commission, the country's major economic planner, pointed out that the commission will introduce a number of "green light" investment cases to explain to market and industry supervisors how to avoid hindering the sustainable development of the internet platform enterprises.

To resolve the problems of monopoly and boost healthy competition in the industry, the supervision departments have markedly strengthened their regulation of the sector.

But some have taken it as a signal that the government seems to be determined to pick the low-hanging fruits of the booming industry to bail out the economy, if not to rob the rich to assist the poor.

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