Analysis of the Development and Countermeasures of the Street Stall Economy with Chinese Characteristics

Abstract

The spread of COVID-19 has impeded China's economic development, and the street stall economy has significant implications for the economic development. Since Premier Li Keqiang voiced his support for the development of the street stall economy, it then has swept the nation and captured the public's attention. However, some academics have criticized the street stall economy due to its inherent shortcomings. This paper concentrates on the origin and development status of China's street stall economy, as well as its characteristics and existing problems. In addition, the paper examines the management of street stall economies in Korea and the Netherlands in order to draw on relevant and valuable experience, and concludes by proposing countermeasures for the current development of the stall economy in China. Standardizing the administration of the stall economy in China and promoting its healthy and sustainable development can be greatly aided by adopting the best practices of other countries' stall economies and combining them with the Internet's way of thinking.