Beijing, April 6: E-commerce is rapidly evolving within the digital economy. It is becoming a vital component that actively fosters innovation and is widely utilized. This sector has emerged as a new driving force for the development of quality productive capabilities. To enhance high-quality development in e-commerce, the Chinese Ministry of Commerce, along with five other departments, has proposed several key strategies.
First, empowering and improving efficiency will strengthen the foundation of the real economy. Support will be provided for the transformation of small and medium-sized enterprises. The development of e-commerce in rural areas will be deepened, and industrial e-commerce will be promoted.
Second, reinforcing the leading role of innovation will achieve a high-level dynamic balance between supply and demand. The pace of technological innovation will be accelerated. There will be significant growth in quality consumption, and efforts will be made to actively create integration platforms.
Third, enhancing high-level openness will promote inclusive and tolerant development. Cross-border e-commerce will be encouraged. The expansion of “Silk Road e-commerce” will be prioritized, institutional openness will be expedited, and regulatory connections will be strengthened.
Fourth, creating a better environment will foster win-win development for all parties involved. The responsibilities of e-commerce platforms will be reinforced, and regular supervision will be enhanced. Additionally, foreign trade will be guided according to regulations.
Fifth, support and guarantees will be strengthened. Adjustments will be made to the supply of financial products. The value of data elements will be actively realized, and precise talent promotion will be enhanced.
(Source: China Media Group, Beijing)
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