Food-delivery subsidies
China released draft rules for food-delivery platforms, prohibiting long-term, large-scale subsidies that distort the market, signaling an end to price wars.
Employment plan
China’s State Council issued a five-year employment plan aimed at improving the wage income distribution system by strengthening macro guidance on corporate wage distribution.
NEWS SUMMARY
China is preparing to establish a global AI cooperation organization.
Zhang Qing, chief merchandising officer of Sam’s Club China, has resigned for personal reasons.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
