The central bank said on Friday most of the main problems for platform companies financial businesses had been rectified, and regulators would shift their focus to the industry as a whole rather than specific companies.
China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.
China’s government must boost confidence in the private sector, which has come under enormous pressure following three years of coronavirus controls and regulatory action, to enable economic recovery, economists say.