Thread by @ruima

The document all you China internet Big Tech stock investors should actually be reading ... "several opinions on healthy & sustainable development of platform economies" published by the NDRC, CAC, SAMR & total of 9 regulatory bodies yesterday (but dated 12/24/21).

Here is the full document and Google Translate works quite well.
ndrc.gov.cn/xxgk/zcfb/tz/2…

Some points of interest, most of which have been predicted, but in case you haven't heard:
- sever inappropriate linkage btwn payments and other financial products
- support third party algorithm evaluation, increase transparency explainability & fairness

- platform fees should be reasonable and fair; some traffic should be reserved for helping quality small merchants
- gig workers should be given fair compensation and algorithm should be transparent, pilot insurance for work injuries, induce participation in social security

- encourage platform cos to increase tech R&D, accelerate AI, cloud, blockchain, OS and processor development, also zero carbon manufacturing & supply chains
- encourage digital svcs to expand abroad, participate in global regulation setting; also overseas warehouses & ecommerce

- encourage platforms to work w traditional industry big guns to digitize manufacturing and operations in industry; small biz to go to cloud
- upgrade consumption methods & svcs with tech such as smart home, VR, HD terminals, telehealth, remote work

- promote digital transformation of agriculture
- encourage funds to invest in innovative new tech & schools to produce such talent

I leave you with this tweet which I think I may need to RT every week ... yes just remember the real economy and this will all make sense:

https://twitter.com/ruima/status/1482044782994026498?s=20

Also had written up something for @TechBuzzChina subscribers looking forward at 2022 tech regulation policy, but it's really along the same lines:
insider.techbuzzchina.com/c/policies-and…