China’s Digital Economy Reached CNY 39.2 Trillion in 2020

The latest “China Internet Development Report 2021” pointed out that in 2020, China’s e-commerce transaction volume will reach CNY37.21 trillion, accounting for 38.6% of GDP, maintaining a high growth rate of 9.7%, an increase of 4.5% year-on-year.

The rapid development of e-commerce and the digital economy has promoted the rapid growth of new markets and created a large number of jobs.

As of June 2021, the number of Chinese Internet users is 1.011 billion, and the Internet penetration rate has reached 71.6%.

The future development of the Internet will not only depend on the growth of the number of users, but on the Internet to create greater value. This allows more groups to enjoy the digital dividend.