China’s internet sector expands in first half amid economic recovery efforts

China's post-pandemic economic recovery has fueled growth in the internet sector, including e-commerce, ride-hailing, and online travel, with the number of internet users reaching 1.08 billion and online retail sales reaching 7.16 trillion yuan in the first half of 2023, according to a government survey.

scmp.com

Relevant topic timeline:

8/22/2023

Digital economy China’s major 2022 growth driver, Beijing to seize opportunity

The internet-based economy in China contributed to over 90% of the overall growth of new economic engines last year.

8/29/2023

China’s consumer-confidence dip

China's rebound from zero-covid restrictions has resulted in weak growth and deflation, with the lack of consumer spending becoming a major concern for policymakers.

9/6/2023

Is China’s economy in bad shape? 5 things to consider

China's economic growth has slowed but has not collapsed, and while there are concerns about financial risks and a potential property crisis, there are also bright spots such as the growth of the new energy and technology sectors that could boost the economy.

9/11/2023

Trip.com Predicts Sustained Growth Despite Economic Concerns As China's Travel Boom Continues

China's largest online travel agency, Trip.com, expects to achieve annual growth of 15-20% in the next three to five years, despite concerns of a stalled national economy, as the demand for leisure travel remains strong among local tourists and pent-up travel demand is not expected to be short-lived.