Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Internet giants put under stricter scrutiny: China Daily editorial

chinadaily.com.cn | Updated: 2021-02-08 20:39
Share
Share - WeChat
SHI YU/CHINA DAILY

The anti-monopoly guidelines for the so-called platform economy released by the State Council's anti-monopoly committee on Sunday usher in a new era of supervision and regulation for the country's fast-growing internet giants which have flourished in recent years thanks to their data, technological and capital strengths.

This is a timely move because it is a worrying phenomenon that some huge online platform companies have abused their dominant position in the sector to the detriment of the interests of consumers and other market players. It is not uncommon that some e-commerce companies have used algorithms and big data to manipulate the lives of users by limiting or channeling their purchasing choices. There are also increasing complaints about such monopolistic practices as "choosing one of two" — which requires business partners to choose only one platform to work with in a bid to exclude competitors. 

All this has hindered fair competition, disrupted the market order and raised barriers for the building of a high-standard market system. 

Thus the central authority has made it a top priority to check monopolies in the platform economy. The Central Economic Work Conferences, which was held in December to draft the country's economic blueprint for this year, pledged to strengthen anti-monopoly measures and prevent disorderly capital expansion.

After that, official investigations were conducted into e-commerce giant Alibaba's alleged monopolistic practices; and on Sunday the Beijing Intellectual Property Court agreed to proceed with the case filed by the popular Chinese short-video platform Douyin against internet giant Tencent for the latter's restrictions on Douyin users sharing content on its social media apps WeChat and QQ.

It signals that from now on internet platforms will not be spared from regulatory scrutiny if they engage in monopolistic behavior. The online economy has prospered with new dynamics thanks to government policy support and a rapidly expanding internet users base that now stands at nearly 1 billion. The many internet giants that have emerged in recent years have become a major driver for innovation and the country's economic growth, especially after the outbreak of the COVID-19 pandemic which has seen many business activities shift online. 

Yet regulation and supervision have lagged far behind the fast expansion of the industry. The anti-monopoly guidelines will help plug regulatory loopholes and keep development of the platform sector within the bounds of laws. This is also in line with an international trend to strengthen anti-monopoly regulation, safeguard fair competition and maintain market order with stringent antitrust measures.

Rather than hindering the development of the platform economy, the anti-monopoly guidelines will help improve the business environment for all internet companies, especially start-ups, and further propel the healthy development of the country's digital economy.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人免费福利电影| 永久免费无内鬼放心开车| 国产精品久久久久久久久电影网| 三浦惠理子在线播放| 最近中文字幕在线中文高清版| 伦理eeuss| 色婷婷在线精品国自产拍| 国产精品久久福利网站| h在线看免费视频网站男男| 日本zzzzwww大片免费| 亚洲中文字幕在线观看| 男人咬奶边做好爽免费视频| 国产一区小可爱原卡哇伊| ww4545四虎永久免费地址| 天堂网在线.www天堂在线资源| 中文字幕第23页| 日韩欧美在线播放| 亚洲日本一区二区一本一道| 福利一区二区三区视频在线观看| 国产一级片免费看| 精品国产福利片在线观看| 国产高清在线观看| √天堂资源在线| 日本三浦理惠子中文字幕| 亚洲AV无码久久久久网站蜜桃| 欧美裸体XXXX极品少妇| 免费大黄网站在线观| 老司机午夜视频在线观看| 国产又大又粗又长免费视频| 手机在线观看你懂的| 在线中文字幕播放| youjizz.com中国| 成年美女黄网站色大免费视频| 久久精品五月天| 欧美、另类亚洲日本一区二区| 亚洲精品乱码久久久久久| 精品久久8X国产免费观看| 国产V亚洲V天堂无码网站| 香蕉人人超人人超碰超国产| 国产欧美日韩综合精品一区二区| 3d动漫精品啪啪一区二区中文|