China ranks second in the development of the internet from all over the world, trailing only the United States as reported by news agency Trend referring to Xinhuanet.com.
More than half the world’s population now has access to the internet – and the biggest chunk of those people are based in China.
According to the World Internet Development Report 2019, which was released during the 6th World Internet Conference held in the river town of Wuzhen in east China’s Zhejiang Province reported that China ranks first in the application of the internet, and second in innovation capacity and industry development among all countries.
Report also defined that Still, China has much room for improvement in the development of internet infrastructure and cyber security capability in the country.
According to another report on China’s internet development released stated that the size of China’s digital economy grew to 31.3 trillion yuan (about 4.4 trillion U.S. dollars) accounting for 34.8 percent of the nation’s gross domestic product of the country.
E-commerce in China is also booming at top. In 2018, the country’s e-commerce transactions totaled 31.6 trillion yuan, up 8.5 percent. E-commerce services generated 3.5 trillion yuan in revenue, up 20.3 percent in the country.
Number of Chinese internet users reached 854 million in the country and the internet penetration rate was 61.2 percent till June.