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在线翻译:
szdaily -> Business/Markets -> 
Digital economy hits $5.5 trillion
    2020-11-25  08:53    Shenzhen Daily

CHINA’S digital economy reached 35.8 trillion yuan (US$5.5 trillion) in 2019, accounting for 36.2 percent of the country’s total GDP, according to a report published by the Chinese Academy of Cyberspace Studies.

The report was unveiled at the World Internet Conference — Internet Development Forum, which opened Monday in Wuzhen, in eastern China’s Zhejiang Province.

The report said the raging COVID-19 pandemic has underscored the importance of the Internet and the digital economy has become an important force in mitigating the impact of the virus, reshaping the economy and improving governance capability.

By the end of May, China’s fiber-optic network had covered all urban and rural areas, with the number of fiber-optic subscribers accounting for 93.1 percent of the country’s fixed broadband users, the highest in the world, according to the report.

In 2019, there were 5.44 million 4G base stations in China, and the consumption of mobile-data traffic reached 122 billion GB, ranking first in the world. As of September this year, China had built more than 480,000 5G base stations.

According to Xia Xueping, dean of the CACS, China’s e-commerce transactions reached 34.81 trillion yuan, a year-on-year increase of 6.7 percent. New business forms such as livestreaming and rural e-commerce have risen rapidly.

With the COVID-19 epidemic hitting global economic and social development, the digital economy is viewed as a new engine for global economic recovery, according to the report.

The report said that the COVID-19 epidemic has stimulated the demand for cloud-terminal coordination and intelligentization, while Internet-related industries face new development opportunities.

The digital economy accounted for between 4.5 and 15.5 percent of the world’s GDP in 2019, according to the Digital Economy Report 2019 released by United Nations Conference on Trade and Development.

At the start of 2020, more than 4.5 billion people were using the Internet, with 3.8 billion social media users and nearly 60 percent of the global population online, according to the Digital 2020 Global Overview Report, citing the World Internet Development Report 2020. (SD-Xinhua)

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