Wei Jigang: Make up for the shortcomings of platform economic development


2022-01-14: [Article Link] Wei Gang: Shortboard to fill the platform's economic development As a new technological revolution and industrial change flourish, the platform’s powerful power connects people, goods, goods, services and services. Through the platform, people who are thousands of miles apart communicate, trade, and work together efficiently. From different dimensions, people have different perceptions of the platform. In terms of value creation, the platform is a business model; in terms of business registration, the platform is a business; in terms of resource allocation, the platform is a market; and in terms of function, the platform may also be an infrastructure. As can be seen, the platform has multiple functions, displaying characteristics such as digital connectivity, multilateral markets, network effects, value creation, and many advantages, such as significantly reducing transaction costs, increasing productive capacity and resource allocation efficiency, facilitating people's lives, facilitating small and micro-enterprise entrepreneurship and promoting consumer trade. The platform's economy is based on the sum of the platform's range of economic activities. Different types of platforms generate different types of platform economies. The platform's economy contributes to the optimal upgrading of industrial structures, changes people's productive lives, injects new dynamism into the development of traditional industries and has a profound impact on the pattern of national industries. At present, the platform's economy has become an important component of the digital economy and is at a critical stage in development, with a long-term perspective that takes into account the current situation, fills the gaps and strengthens the weaknesses, and creates an innovative environment that addresses the salient contradictions and problems that currently exist. In this regard, there is a need to take better stock of the development patterns of the platform's economy, to evaluate developments and trends in the digital economy, both at home and abroad, to maintain a goal- and problem-oriented approach, to maintain systemic thinking, to keep the security bottom line, to take full advantage of the decisive role of the market in resource allocation and to play a better role for the Government. From the Government's point of view, it is important for science to formulate an overall strategy and plan for the economic development of the Platform, to define the direction of its economy, to support its innovative development and to enhance its international competitiveness; to improve antimonopoly laws and regulations, to better protect the interests of the Platform, businesses, consumers and the public interest; to identify monopoly practices in the Platform, to regulate the market order efficiently and in accordance with the law; to strengthen regulatory capacity, to innovate regulatory concepts, to optimize regulatory approaches and to build an authoritative, efficient, prudential, inclusive and forward-looking regulatory system; and to strengthen the Platform's system of economic standards and credit systems. From a business perspective, the platform's enterprises need to strengthen their social responsibility, create open, shared and symbiotic ecology and actively create value for a variety of subjects. It is important to focus on meeting user needs in order to address industry pains, capture market trends, create value for users, give users a good experience, clarify the platform's mission, market positioning, functional modules, service content, operating processes, profit models, operating rules, etc. To strengthen the rule of law, improve the rules of the platform in accordance with the law and guarantee its level playing field, in particular the need for the large platform to continue to strengthen its self-governance, to actively construct a model of the platform's co-governance based on rules on the participation of businesses, businesses and consumers, and to promote the platform's economic regulation and healthy development in order to provide a new dynamic for the country's economic development.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.






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Wei Jigang: Make up for the shortcomings of platform economic development


2022-01-14: [Article Link] Wei Gang: Shortboard to fill the platform's economic development As a new technological revolution and industrial change flourish, the platform’s powerful power connects people, goods, goods, services and services. Through the platform, people who are thousands of miles apart communicate, trade, and work together efficiently. From different dimensions, people have different perceptions of the platform. In terms of value creation, the platform is a business model; in terms of business registration, the platform is a business; in terms of resource allocation, the platform is a market; and in terms of function, the platform may also be an infrastructure. As can be seen, the platform has multiple functions, displaying characteristics such as digital connectivity, multilateral markets, network effects, value creation, and many advantages, such as significantly reducing transaction costs, increasing productive capacity and resource allocation efficiency, facilitating people's lives, facilitating small and micro-enterprise entrepreneurship and promoting consumer trade. The platform's economy is based on the sum of the platform's range of economic activities. Different types of platforms generate different types of platform economies. The platform's economy contributes to the optimal upgrading of industrial structures, changes people's productive lives, injects new dynamism into the development of traditional industries and has a profound impact on the pattern of national industries. At present, the platform's economy has become an important component of the digital economy and is at a critical stage in development, with a long-term perspective that takes into account the current situation, fills the gaps and strengthens the weaknesses, and creates an innovative environment that addresses the salient contradictions and problems that currently exist. In this regard, there is a need to take better stock of the development patterns of the platform's economy, to evaluate developments and trends in the digital economy, both at home and abroad, to maintain a goal- and problem-oriented approach, to maintain systemic thinking, to keep the security bottom line, to take full advantage of the decisive role of the market in resource allocation and to play a better role for the Government. From the Government's point of view, it is important for science to formulate an overall strategy and plan for the economic development of the Platform, to define the direction of its economy, to support its innovative development and to enhance its international competitiveness; to improve antimonopoly laws and regulations, to better protect the interests of the Platform, businesses, consumers and the public interest; to identify monopoly practices in the Platform, to regulate the market order efficiently and in accordance with the law; to strengthen regulatory capacity, to innovate regulatory concepts, to optimize regulatory approaches and to build an authoritative, efficient, prudential, inclusive and forward-looking regulatory system; and to strengthen the Platform's system of economic standards and credit systems. From a business perspective, the platform's enterprises need to strengthen their social responsibility, create open, shared and symbiotic ecology and actively create value for a variety of subjects. It is important to focus on meeting user needs in order to address industry pains, capture market trends, create value for users, give users a good experience, clarify the platform's mission, market positioning, functional modules, service content, operating processes, profit models, operating rules, etc. To strengthen the rule of law, improve the rules of the platform in accordance with the law and guarantee its level playing field, in particular the need for the large platform to continue to strengthen its self-governance, to actively construct a model of the platform's co-governance based on rules on the participation of businesses, businesses and consumers, and to promote the platform's economic regulation and healthy development in order to provide a new dynamic for the country's economic development.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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