Regulating Platform Economy in China: Shocks and Revisions

Georgetown Journal of International Affairs, Volume 24, Number 2, Fall 2023, pp. 204-210

8 Pages Posted: 30 Jan 2024

See all articles by Xin Dai

Xin Dai

Peking University - Peking University Law School

Date Written: April 29, 2023

Abstract

In the years of 2020 and 2021 the Chinese government attempted at structurally tightening its regulatory controls over the country’s major digital platform firms. It was widely observed that the government’s once tolerant regulatory regime had then shifted into a more heavy-handed mode, culminating in the proposed imposition of “primary responsibility”, a type of legal responsibility that is both ambiguous and encompassing. The following article explains that the policy turn was attributable to not only legitimate concerns over the industry’s flaws but also the popular societal sentiments associated with the firms’ perceived betrayal of their progressive promises. By end of 2022, however, endeavors for structural reforms were mostly shelved by the authorities due to changed economic circumstances. The Chinese authorities, in trying to strike the right balance between growth stimulation and social protection, now likely will return to a more marginal regulatory approach in addressing issues from platform practices and operations.

Keywords: Platform Economy, China, Regulation

JEL Classification: K23, L51

Suggested Citation

Dai, Xin, Regulating Platform Economy in China: Shocks and Revisions (April 29, 2023). Georgetown Journal of International Affairs, Volume 24, Number 2, Fall 2023, pp. 204-210, Available at SSRN: https://ssrn.com/abstract=4685717 or http://dx.doi.org/10.2139/ssrn.4685717

Xin Dai (Contact Author)

Peking University - Peking University Law School ( email )

5 Yiheyuan Road
Haidian District
Beijing, Beijing 100871
China

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