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Ma Huateng, founder1, chairman and CEO of Tencent Holdings, will make five suggestions at the National People's Congress annual session, which opens on Saturday, in areas including the development of a sharing economy, Internet-based medical services and security of the Internet ecosystem2.
腾讯公司创始人、董事会主席兼首席执行官马化腾5日在全国人大会议上提交五项建议，内容涉及分享经济的发展，互联网医疗服务及互联网生态安全。
The sharing economy will become a new driving force in China's economic growth and will help push the service industry as the main engine of the economy, said Ma, whose company is China's largest Internet service portal.
Sharing economy refers to a phenomenon where individuals share their spare resources via third-party online platforms to make money. Ride-sharing service apps Uber and Didi Kuaidi and lodging3 website Airbnb are examples of popular online platforms for the sharing economy.
The market size for the sharing economy in the country surpassed 1 trillion yuan ($152.8 billion) in 2015, while the sharing economy in the United States was worth more than 3 trillion yuan and accounted for 3 percent of US GDP last year, Ma said in his suggestions.
"The sharing economy still has considerable room for development in China," Ma said.
He cited several problems that are inhibiting4 the development of the sharing economy in China, including the need for an improved credit investigation5 system and better Internet infrastructure6.
"The supervision7 of the sharing economy is still the same as that of traditional industries, which makes it difficult to innovate," he said.
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