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Policy

Scale of sharing economy in China's Henan likely to top RMB300 bln by 2020

September 25, 2018


Abstract : Central China's Henan Province is expected to expand the market size of sharing economy to 300 billion yuan by 2020, accounting for more than 10 percent of the local GDP, according to a guideline released by the local authorities.

共享经济

BEIJING, Sept. 25 (Xinhua) -- Central China's Henan Province is expected to expand the market size of sharing economy to 300 billion yuan by 2020, accounting for more than 10 percent of the local GDP, according to a guideline released by the local authorities.

According to statistics, in 2017, the scale of the sharing economic market in Henan reached 180 billion yuan, an increase of 47.2 percent over the previous year.

The province will especially promote development of the sharing economy in eight fields such as productive service, life service and tourism.

To be specific, in the field of productive service industry, it will promote sharing of production equipment and production resources. In the field of life service industry, it will eye the sharing of transportation, tourism resources, and medical services. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: sharing-economy Henan

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