Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Internet economy, a key contributor to China's new economic driver

August 05, 2019


Abstract : As a main aspect of the digital economy, Internet economy has become a key engine for China's new economic driver, official data showed.

BEIJING, Aug. 5 (Xinhua) -- As a main aspect of the digital economy, Internet economy has become a key engine for China's new economic driver, official data showed.

The Internet economy index, one of the five sub-indexes of the new economic driver index, contributed 80.8 percent to the growth of the combined index in 2018.

China has seen a stable and fast growth of the new economic index since 2014, and saw a growth rate of 28.7 percent last year.

As a main component of the Internet economy, the number of mobile Internet users in China reached 1.4 billion in 2018, up 9.9 percent year on year.

The country also recorded 31.6 trillion yuan (about 4.6 trillion U.S. dollars) in e-commerce transactions in 2018, up 8.5 percent year on year.

"Composed by new industry, new formats and new models, China's new economic driver is expanding, unleashing the vitality of the economy and supporting its high-quality development," said Lyu Haiqi, an official with the National Bureau of Statistics.

Scan the QR code and push it to your mobile phone

Keyword: Internet China economy

Reading:

Chinese state councilor calls for more cooperation among ASEAN members, China, Japan, South Korea

Thailand's BCI remains stable in July, as manufacturing's fall offset by services' rise, BOT says

China Shouguang vegetable price index up 2.28 pct

Spotlight: With support from Chinese tech, 5G deployment rocks Monaco

Economic Watch: China charts course to navigate economic headwinds

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial