Shanghai's two action plans to develop cross-border e-commerce and the exhibition sector will consolidate their role as the new economic drivers and help the metropolis achieve high growth, local officials said on July 20.
China issued a guideline on July 19 for promoting the development of the private sector, signaling the latest push for supporting and reinvigorating a key sector in order to revive economic recovery amid downward pressures.
Shanghai's new guideline to nurture new-age service providers that operate internet-based platforms to aid producers and manufacturers will help meet rising demand in the real economy and promote high-quality economic development, local officials said on July 18.
Premier Li Qiang encouraged platform companies on Wednesday to maintain firm confidence, keep innovating and improve their international competitiveness, saying that the development of the platform economy is promising as China builds a modern socialist country in all respects.
Circular on Issuing the Several Measures for Deepening the Reform of the Business Environment for Cross-border Trade at Ports of Entry in Shanghai in 2023
China will fully align with the international high-standard market regulation system and establish a new system for higher-level open economy.
In recent months, relevant departments of the town have further improved the enterprise service plan and specific operational rules by conducting in-depth visits to enterprises and market research, promoting the implementation of policies to benefit enterprises.
The new document also proposed several measures that could spark innovation in foreign trade development.
