Sharing economy creates global pioneers

Chinese companies, armed with technology, become leaders in field at home and abroad

China has emerged as a global pioneer in the sharing economy, with a wide range of businesses using the peer-to-peer model, including startups offering creative services overseas, a new report said on Tuesday.

The report, released by the State Information Center, shows a sharing-economy boom sweeping across China, with the transaction volume hitting 4.92 trillion yuan ($781 billion) in 2017, up 47 percent year-on-year.