Market over-reacted to proposed lowering of fees for Chinese food delivery platforms
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© Reuters. FILE PHOTO – A man is seen standing on an elevated platform with an electronic display showing the Shanghai and Shenzhen stock indices at Lujiazui, Shanghai, China, January 6, 2021. REUTERS/Aly SongBEIJING (Reuters), – China’s state-run newspaper Economic Daily commented Wednesday on the fact that markets had over-reacted in a comment to the guidance of the government that food delivery platforms need lower fees.
Commentators stated that the policy did not target the platform economy because the government recognized its vital role in the economy.
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