China's Internet users reach 650 million

Abstract organized by the China International Economic and Exchange Center "Monthly Economic talk" was held in Beijing yesterday, Department of Market Operation Division and consumer promotion of Deputy Director Li Zhaosheng said at the meeting, final consumption expenditure GDP growth in the first three quarters of this year's contribution ...
The "Economic Monthly Talk" organized by the China International Economic Exchange Center was held in Beijing yesterday. Li Chaosheng, deputy director of the Marketing Department of the Ministry of Commerce and the Department of Consumer Promotion, said at the meeting that the contribution rate of final consumption expenditure to GDP growth in the first three quarters of this year It has reached 48.5%, and consumption has become the first driving force to drive the economy. Sun Wei, deputy director of the High-tech Industry Department of the National Development and Reform Commission, said that China’s mobile phone users have reached 1.3 billion, and the Internet’s Internet users have reached 650 million, with a penetration rate of 47.8%.

Residents' income has grown steadily, and their consumption power has continuously increased to become a favorable factor in the consumer market. Sun Wei, deputy director of the High-tech Industry Department of the National Development and Reform Commission, said at the meeting that China’s mobile phone users have entered 1.3 billion, and the growth of broadband and 4G users is also a rapid development trend. In the third quarter of this year, total online retail sales increased by 50% year-on-year, accounting for about 10% of the total retail sales of consumer goods in the “12th Five-Year Plan”. This number has already ranked in the forefront of the world.

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