The draconian clean-up measures slammed the economy, forcing Shanghai to lift the ban and set up stalls to save the economy.

(Reuters)

[Compiled by Wei Guojin/Taipei Report] In the first and second quarters of 2020, China's economy shrank sharply due to the impact of the US-China trade war and the epidemic. In June of that year, Chinese Premier Li Keqiang praised the street stall economy for creating employment opportunities, which is "China's vitality, human fireworks." ”, but soon the street stall economy was suppressed, and the “world’s fireworks” were extinguished, but now, Shanghai, China’s largest financial capital, has revised its regulations to lift the ban on street stalls. Cast this "Human Firework" to seek life.

Radio Free Asia reported that the Shanghai Municipal People's Congress Standing Committee passed the revision of the "Shanghai City Appearance and Environmental Sanitation Management Regulations" on the 22nd, changing the previous practice of completely prohibiting the distribution of commercial propaganda materials and stalls.

In addition to key areas such as main roads, landscape areas, and concentrated commercial areas, district and township governments can plan specific areas to allow street stalls. This new regulation is scheduled to be implemented on December 1.

Please read on...

Zhang Nan, who set up a stall in Shanghai's Hongkou District, said that long before the official amendments, many people had set up stalls, mainly selling daily necessities. He said, "Affected by the epidemic, many people have problems eating, so they don't set up road stalls. How to live? My wife and I both have stalls, and we rely on stalls as living allowances.”

The report pointed out that the Chinese state media People's Daily commented on the 23rd that Shanghai's approach is a manifestation of "people-oriented", showing "the orientation of retaining the city's fireworks and showing the vitality of the city."

However, the Internet was not very popular. On Weibo, some netizens said: "The government can set up street stalls when needed, and when it is not necessary, it is said that it will affect the appearance of the city, which is unacceptable." Officials will soon change their stance, and some people have uploaded videos of the police and urban management arrogantly expelling elderly people who set up stalls.

The commander of the Chinese economist said that Shanghai is the most distant city in China from the low-end economy, "but now even the most distant place has adopted the street stall economic model, and it is even more difficult to imagine the situation in other parts of China." He further said, "I For the Chinese government, returning to the street stall economy is a helpless move, and it will only allow street stalls to fill Shanghai, the big window of China’s reform and opening up, unless it is a last resort.”

He also said that Shanghai is different from ordinary cities in China and has a special strategic position. The central government attaches great importance to Shanghai's economic growth, because it is the "wind vane" of China's economy and cannot lag behind other provinces and cities.

Therefore, the practice of relaxing the street stalls is also the practice of the Shanghai government to save the local economic growth and protect the official position.

Fang Yuan, a current affairs commentator, believes that setting up a street stall is the lowest-end economic form, just like at the beginning of the reform and opening up, many people set up a stall and put a few pieces of clothes to buy and sell, which is at best a primitive economic type. In addition, it is very insufficient in terms of commercial value, economic and technological content. This kind of land-sharing economy must not be used as the main core pillar of economic recovery, economic development and economic prosperity.”

Master the economic pulse point with one hand, I subscribe to the free finance Youtube channel

I'm already a friend, thanks

Welcome to [Freedom Finance]

Feel good

Liked already, thank you.

related news