Latest News
China's digital economy reaches 39.2 trln yuan in 2020
Last Updated: 2021-09-27 00:05 | Xinhua
 Save  Print   E-mail

China's digital economy grew to 39.2 trillion yuan (about 6.07 trillion U.S. dollars) in 2020, accounting for 38.6 percent of the country's total GDP and up 9.7 percent year-on-year, according to a report.

The report on the development of the internet in China was released by the Chinese Academy of Cyberspace Studies at the World Internet Conference Wuzhen Summit, which opened Sunday in Wuzhen, in east China's Zhejiang Province.

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.

The digital economy has become a key option for countries around the world seeking to hedge against the impact of the COVID-19 pandemic and to speed up economic and social transformation, said a report on global internet development concurrently released on Sunday, adding that new information infrastructure has gradually become a new driving force for global economic growth.

(Editor:Fu Bo)

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
China's digital economy reaches 39.2 trln yuan in 2020
Source:Xinhua | 2021-09-27 00:05
Share to