Policy digest

Sharing economy gets a boost to serve people

A State Council executive meeting, which was presided over by Premier Li Keqiang on June 21, approved a guideline to further boost the healthy development of the sharing economy as well as entrepreneurship and innovation to enhance people's lives.

Local governments and industries are to be encouraged to explore new ways of developing such an economy, which is beneficial to achieving more reasonable resource allocations, deplete outdated production capacities and cultivate new economic drivers.