Strong regulations’ of China’s platform economy

A preliminary assessment

Bibliographic Data

ID12917962
AuthorsYiping Huang (0000-0003-2263-0612, Peking University, corresponding author)
Year2022
Volume15
Issue2
Pages125-138
Publication date2022-05-04
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueChina Economic Journal (JOURNAL)
Journal identifiersISSN: 1753-8963 • E-ISSN: 1753-8971
PublisherRoutledge (PUBLISHER • GB)
DOI10.1080/17538963.2022.2067687
OpenAlexW4280545743
LanguageEN
Citations received8
References cited1

Within two decades, China built a very large platform economy. From the beginning of 2021, however, the Chinese government started to implement a set of new policies, popularly known as ‘strong regulations’, in order to correct improper platform behavior and improve market efficiency. These policies caused some negative effects on short-term momentum of the platform economy, including lay-offs of employees, decline of investment, and shrinkage of market valuation. This paper attempts to address the following questions: why did the authorities initiate this new policy? what are its net impacts on the platform economy? and how can the regulators do better? While acknowledging the urgent need for proper regulations for China’s platform economy, this paper argues that the authorities should find a better balance between regulation and development, with innovative thinking in dealing with issues such exclusive agreement, differential pricing and monopoly

Balance (ability · Business · China · Economics · Economy · Government (linguistics · Industrial organization · Investment (military · Market economy · Monopoly · Order (exchange · Political science · Valuation (finance · Digital Platforms and Economics · Sharing Economy and Platforms · Taxation and Compliance Studies · Finance

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