Call for better data sharing to boost digital economy
Print Edition
EXECUTIVES from retail businesses and academics have proposed improvements in data sharing and relaxed business registration procedures to help revitalize small businesses and maintain stable economic development.
The chairman of appliance retailer and e-commerce giant Suning Holdings Group, Zhang Jindong, a deputy to the National People’s Congress, proposed government-owned public data and urban management data be better shared amid China’s push to develop digital infrastructure.
He also pointed to the inconsistency of government and industry data which has prevented the development of a data economy and social services.
Zhang proposed the establishment of a data governance committee to develop a data-sharing mechanism to ensure better leveraging of accurate and real-time data.
“It helps business decisions and also individual users to better interconnect with each other and promote better interaction,” he said.
Liu Shangxi, a director of the Chinese Academy of Fiscal Sciences, proposed different forms of consumption subsidies and coupons to target small and micro businesses, which are crucial for employment and basic living needs.
Liu, also a member of the Chinese People’s Political Consultative Conference, pointed out that every 1 yuan (14 US cents) worth of shopping coupons could create about 2.9 yuan of transactions for small and micro businesses, based on analysis of Alipay data for Foshan City in Guangdong Province.
Well-designed consumption stimulus measures can boost the economy with limited fiscal spending, he said.
Chairman Wang Tian of the Better Life Commercial Chain Co proposed the government set up standardized packaging and transportation facilities near major agricultural production bases to help improve the freshness and quality of food.
Retail chains should be encouraged to use their expertise to develop cold chain transportation facilities, and fresh food post-processing standards will help farmers focus more on quality, in turn boosting spending on farm goods.
Small and micro fast food restaurants should be encouraged to go online more quickly with a temporary registration scheme, suggested Marvin Hung, CEO of Hop Hing Group Holdings Ltd which co-owns the Yoshinoya, a Japanese multinational fast food chain, on the Chinese mainland.
This could help more food vendors make up for the loss of foot traffic during the novel coronavirus pandemic.
Hung, a member of the CPPCC, called for a nationwide database of eligible catering businesses to make it easier for food delivery platforms to help vendors set up online storefronts.
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