Name: China to Launch State-Owned Transportation App
Uploaded: 2023-01-21T19:48:57.000Z
Description: 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.

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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 <a href="https://www.ntd.com/tag/transportation.htm" target="_blank" rel="noopener">transportation</a> market, including services like ride-hailing and cargo trucking, plus transport by road, railway, ferry, and aircraft.

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China to Launch State-Owned Transportation App

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