Interesting facts about China that makes it exciting to follow:
- China is the worlds largest e-commerce market with over 900 million internet users (source: Statista)
- China now accounts for about 83% of all online retail sales in the Asia Pacific region (source: Forrester)
- China’s technology ambitions are helping fuel a startup boom. The government has been encouraging its companies to become less dependent on foreign technology and achieve dominance in key sectors over the next decade (source: CNN Business)
- About 95% of online purchases are made via smartphones, confirming a mobile-first nation where consumers are highly digital mature
- China has transformed from being the “world factory” of low quality goods to becoming the leading nation of innovation, user experiences and creation of high quality goods.
- Timeline below confirms the ambitious future goals and initiatives in China:
«Made in China 2025» – Li Keqiang
Chinas goal of moving from being the “worlds factory” of low quality goods to focus on innovation and high quality goods
«China aims to become the global leader in AI by 2030»
Modernization goal of China to become a fully developed nation by 2049
2049 marks the 100th anniversary of the founding of the People’s Republic
Chinas Belt and Road Initiative (BRI) – the most ambitious infrastructure investment in history
The BRI project involves 152 countries connecting China with Europe
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