Key facts
- China has introduced draft regulations for food-delivery platforms.
- The new rules aim to prohibit long-term, large-scale subsidies.
- This policy is intended to end price wars in the food-delivery market.
- China's State Council also released a five-year employment plan.
- The employment plan focuses on improving wage income distribution.
China has moved to curb aggressive price wars in its food-delivery sector by releasing draft regulations that prohibit long-term, large-scale subsidies. The new rules are designed to prevent market distortions caused by extensive promotional pricing.
In parallel, China's State Council has issued a five-year employment plan. This plan aims to enhance the system for distributing wage income by strengthening macro-level guidance for corporate wage setting.