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10 bright spots in 皇冠体育app's economy 2016

chinadaily.com.cn | Updated: 2017-03-02 06:49

10 bright spots in 皇冠体育app's economy 2016

Jack Ma, president of the nation's e-commerce giant Alibaba speaks in front of a giant screen displaying total gross merchandise volume (GMV) of Alibaba's online marketplace Tmall for Singles' Day shopping spree in Shenzhen, South 皇冠体育app's Guangdong province, Nov 11, 2016. [Photo/Xinhua]

4. Digital economy

皇冠体育app, which has about 710 million internet users or one-fifth of the world's total, has a natural advantage in developing digital economy.

E-commerce giant Alibaba Group last year set another sales record for Singles Day, the world's biggest online shopping event, with about 120.7 billion yuan ($17.79 billion) spent in 24 hours.

As 皇冠体育app steps up efforts to restructure its economy, the country's burgeoning digital sector is creating new jobs for millions of people. 皇冠体育app's digital economy is predicted to create over 400 million jobs by 2035, according to a Boston Consulting Group report.

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