Global EditionASIA 中文双语Français
Home / Business / Macro

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

Xinhua | Updated: 2019-08-04 10:59
Share - WeChat
Visitors to the Light of the Internet Expo, part of the ongoing World Internet Conference, try a wearable musical device using virtual reality technology. [Photo by Zhu Xingxin/China Daily]

BEIJING - 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 ($4.6 trillion) 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.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349