New Kinetic Energy Agglomerates Rapidly Network Economy

Data released by the National Bureau of Statistics recently show that new momentum with new industries, new formats and new models as its main content is rapidly gathering, economic vitality is effectively released, new momentum continues to grow and become an important force to support China's economy towards high-quality development.

According to estimates, the new kinetic energy index of China's economic development from 2014 to 2018 is 123.5, 156.7, 210.1 and 270.3, respectively, which is 23.5%, 26.9%, 34.1% and 28.7% higher than that of the previous year, maintaining a relatively rapid growth momentum.

The network economy continues to grow into the main force of new momentum. Among them, the digital economy represented by the network economy continues to develop and become an important force for the development of new momentum. The contribution rate of the network economy index to the growth of the new momentum index is 80.8%. According to the main indicators, by the end of 2018, the number of mobile Internet users reached 1.4 billion, an increase of 9.9% over the previous year; the mobile Internet access traffic reached 71.11 billion GB, an increase of 1.9 times over the previous year. In 2018, China's e-commerce platform transaction volume reached 31.6 trillion yuan, an increase of 8.5% over the previous year; the national online shopping substitution rate was 80.4%, an increase of 0.3 percentage points over the previous year.