Market over-reacted to proposed lowering of fees for Chinese food delivery platforms – state media dispatchist.com


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Breaking News, Latest News and Current News from OANN.com. Breaking news and video. Latest Current News: U.S., World, Entertainment, Health, Business, Technology, Politics, Sports. REUTERS/Aly Song BEIJING (Reuters) -China’s state-run Economic Daily newspaper said on Wednesday the market had over-reacted to the government’s guidance that food delivery platforms should lower service fees.The policy was not intended to target the platform economy as the government recognises its crucial role in the economy, the Economic Daily’s commentary said.Meituan’s shares jumped more than 7% in reaction to the Economic Daily’s commentary.China’s state planner, the National Development and Reform Commission (NDRC), on Friday issued...