Digital economyresearch report

Platform economy and competition policy in 2020 From China Academy of communications and communications

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The following is the Platform economy and competition policy in 2020 From China Academy of communications and communications recommended by recordtrend.com. And this article belongs to the classification: Digital economy, research report.

Platform economy is a new driving force to promote economic growth. As the micro basis of platform economy, digital platform shows strong vitality. With the continuous expansion of the scale of digital platform, platform competition has become the core field of policy supervision. Focusing on platform competition issues and accurately grasping the overall trend of global digital platform competition policy development is the basis of ensuring the high-quality development of platform economy, which is of great practical significance to the research of platform economic development and the improvement of platform policy system.

In 2019, the global platform economy will maintain a rapid growth trend. There will be 74 digital platform enterprises with a global market value of more than 10 billion US dollars, with a total value of 8.98 trillion US dollars, a year-on-year increase of 41.8%; the United States and China are absolutely leading in the number of 35 and 30 respectively, but the scale gap is obvious, and the United States still has a big leading advantage. From the domestic point of view, the past five years are the period of large-scale development of China’s platform economy. By the end of 2019, there were 193 digital platform enterprises with a market value of over US $1 billion, an increase of 126 over 2015; the total market value reached US $2.35 trillion, an increase of nearly 200% compared with the end of 2015. Since the outbreak of novel coronavirus pneumonia, the new technology and new mode of development initiated by the digital platform has shown strong adaptability and alleviated the downward trend of the economy to a certain extent.

While the platform economy injects great vitality into the global development, the competition disputes caused by it continue to ferment. In particular, antitrust investigations against Google, Facebook, Amazon, apple and other digital giants have been one after another. How to re understand the digital market and create a fair and orderly competition order has become an important direction of competition policy reform in various countries. From the perspective of global regulatory situation, the regulation of digital platforms in Europe and the United States in 2019 will be more stringent. The EU continues to maintain a high pressure situation. The European Commission has completed the third case of Google’s anti-monopoly law enforcement. Germany, Britain, France and other countries have also taken the initiative to bring privacy protection, transparency of platform rules, data security and other factors into the scope of anti-monopoly supervision, forming an important demonstration role for global digital platform anti-monopoly supervision. Since 2019, the U.S. has changed its attitude towards anti-monopoly regulation of digital platforms. Meanwhile, it has opened anti-monopoly investigations against four digital platforms, shifting from the relatively loose market supervision dominated by private litigation to more anti-monopoly law enforcement investigations with administrative supervision will. Different from the EU, which has a clear regulatory will and aims to maintain a fair competition environment in the digital market in the region, there are still big differences in the antitrust regulation of digital platforms in the United States. The change of attitude is mainly affected by the domestic economic, social and political differentiation. In particular, the imbalance of the economic structure in the United States, such as the widening gap between the rich and the poor, the sluggish manufacturing industry and the rising unemployment rate, is in contrast with the growing wealth and influence of digital platforms, leading to growing dissatisfaction.

From the perspective of global regulatory practice, the particularity of digital platform has triggered a series of new issues of antitrust regulation, including the non neutral behavior of digital platform, early merger and acquisition, and the use of data, which have aroused the high attention of antitrust law enforcement agencies. How to improve the fairness and transparency of digital platform rules, explore new standards of merger and Acquisition Review and new theory of competition damage, and innovate the evaluation method of data impact have become the focus of anti-monopoly supervision innovation of digital platform in various countries.

In the future, the development of platform economy and the trend of competition policy will be in dynamic change. Comprehensive use of scientific research methods, focus on the analysis of the new characteristics of digital platform development, continue to track the new issues of platform competition, and accurately judge the new trend of competition policy is an important direction to study the development of China’s platform economy.

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