Chinese Premier announces more prudent regulation to come for sharing economy companies

18 Mar 2019

Chinese Premier Li Keqiang stated that more regulation will be necessary to help the growth of national sharing economies which have long been targeted for venture capital investments. The Premier announced that the Chinese government might be focused on enacting laws to increase public security and safety without impeding progress to the companies. The announcement came amid the safety crisis at the ride-hailing Didi Chunxing and the collapse of the bike-sharing Ofo.​

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Historically, telecommunications, broadcasting, and other related areas were separate industry segments; they used different technologies and were governed by different regulations.


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