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September 27, 2021

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Digital economy booms

China’s digital economy grew to 39.2 trillion yuan (US6.07 trillion) in 2020, accounting for 38.6 percent of the country’s total GDP and up 9.7 percent year on year.

The report on the development of the Internet in China was released by the Chinese Academy of Cyberspace Studies.

In 2020, the volume of e-commerce transactions recorded in China reached 37.21 trillion yuan, up 4.5 percent from 2019, while the operating income of the e-commerce service sector reached 5.45 trillion yuan, an increase of 21.9 percent year on year, according to the report.


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