China’s digital economy now accounts for one-third its GDP

[beijingwalker]

China’s digital economy now accounts for one-third its GDP
May 08 2019

The country is now moving toward a cleaner development model.

China’s digital economy reached RMB 31.3 trillion (USD 4.6 trillion) in 2018, up 15% from the previous year, a recent report released by the Cyberspace Administration of China shows.

The world’s second-largest economy, which has long been dubbed as the “world’s factory,” is now moving toward a cleaner development model, with its digital economy now accounting for more than one-third of the country’s GDP. China’s GDP exceeded RMB 90 trillion last year.

In 2018, China’s e-commerce transaction volume stood at RMB 31.63 trillion, among which online retail sales accounted for RMB 9 trillion, according to the report.

At the end of 2018, China had 829 million internet users. More than 600 million of them used online payments last year.

According to the People’s Bank of China, online payments transaction volume reached RMB 208 trillion in 2018, recording 45.23% year-on-year growth .
https://kr-asia.com/chinas-digital-economy-now-accounts-for-one-third-its-gdp

 

[Khan_21]

For once I would like to see you post about social issues in China. The problems it is facing . Your threads just feel like a PR propaganda for the state .

 

[beijingwalker]

For once I would like to see you post about social issues in China. The problems it is facing . Your threads just feel like a PR propaganda for the state .

I post what I want, not on your demands.

 

[CHN Bamboo]

What is digital economy?
What is the statistical caliber of digital economy?

Will Alipay checkout in supermarkets be counted?

 

[Khan_21]

I post what I want, not on your demands.

From your posts China seems and feels like a utopia. When reality is otherwise.

 

[Götterdämmerung]

From your posts China seems and feels like a utopia. When reality is otherwise.

Since you already know what is reality, why bother to ask him to post the reality? Are you that stupid?

 

[empirefighter]

From your posts China seems and feels like a utopia. When reality is otherwise.

funny. I see just a normal news of China， you see a utopia?