Sharing economy gets lift

Li, State Council draft guidelines to encourage innovation in burgeoning sector

A guideline to further boost China's sharing economy was approved on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.

Under the guideline, the growing sector will have easier access, greater policy transparency and better protection of legitimate rights for platform companies, resource providers and consumers. The guideline is aimed at creating an environment that enables and sustains innovation.