News Analysis
Over the past few days, the term “street vendor economy” has gone viral on Chinese social media. It follows a speech made by Chinese Premier Li Keqiang on China’s economic state during the “Two Sessions”—an annual meeting of the Chinese Communist Party (CCP)’s rubber-stamp legislature and its advisory body to enact policies and agendas. Chinese netizens ridiculed: “The United States has started the era of the privately funded space market economy, and we have restarted the street vendor market economy.”
