China to Launch State-Owned Transportation App

NTD Newsroom
By NTD Newsroom
January 21, 2023China in Focusshare

Is the Chinese Communist Party following through on its economic promises? A speech in Switzerland is casting doubt. At the World Economic Forum in Davos, China’s Vice Premier Liu He vowed his country wouldn’t return to a planned economy. Meanwhile, Beijing is further boosting the state-owned sections of its economy and limiting market access for private companies.

For example, China is launching a state-owned ride-hailing platform, known as “Strong Nation Transport.” State media says the platform will combine over 90 percent of the country’s transportation market, including services like ride-hailing and cargo trucking, plus transport by road, railway, ferry, and aircraft.

China in Focus Weekly Newsletter
Find out what's really going on in China
By registering for the newsletter, you agree to the Privacy Policy.