The National Development and Reform Commission together with seven other government authorities published the Guiding Opinions on Promoting the Development of the Sharing Economy (the “Opinions”) on 3 July 2017.
According to the Opinions, at the current stage, the sharing economy mainly refers to a new economic form that optimises the allocation of decentralised resources via internet platforms by using network information technologies and thus increasing utilisation efficiency. The sharing economy emphasises the relative separation of ownership and use rights, and focuses on the flexible and creative match between supply and demand.
To facilitate the development of the sharing economy, the government will take a series of encouraging and supportive measures, which include (without limitation) formulating administrative rules suitable for the development of the sharing economy; establishing mechanisms to allocate responsibilities and obligations among platform operators, resource suppliers and users; guiding platform operators to establish customer complaint and dispute resolution channels; strengthening the protection of personal information and IP rights; promoting public data sharing among national credit evaluating systems; supporting competitive enterprises to invest in overseas countries; and implementing tax administrative measures that are more suitable for the sharing economy business models.
Please click here to read the full text (Chinese only) of the Opinions.