China's sharing economy transaction scale reached around 3.69 trillion yuan ($583.77 billion) in 2021, up 9.2 percent from a year earlier, with a direct financing scale of about 213.7 billion yuan, up 80.3 percent year-on-year, according to the latest China Sharing Economy Development Report released recently by the State Information Center.
China's sharing economy transaction scale reached around 3.69 trillion yuan ($583.77 billion) in 2021, up 9.2 percent from a year earlier, with a direct financing scale of about 213.7 billion yuan, up 80.3 percent year-on-year, according to the latest China Sharing Economy Development Report released recently by the State Information Center.
China's sharing economy transaction scale reached around 3.69 trillion yuan ($583.77 billion) in 2021, up 9.2 percent from a year earlier, with a direct financing scale of about 213.7 billion yuan, up 80.3 percent year-on-year, according to the latest China Sharing Economy Development Report released recently by the State Information Center.
China’s State Administration for Market Regulation (SAMR) has required eight companies based on the sharing economy to enhance their compliance of norms and standardize pricing and competition practices on Thursday. The price supervision anti-monopoly bureaus of the SAMR held an counselling conference with companies with businesses in the sharing economy, including Alibaba-backed bike-sharing platform Hellobike, .
China s sharing economy is expected to rebound anywhere between 10-15 percent in 2021, maintaining an annual growth pace of 10 percent in the following five years, according to China Sharing Economy Development Report (2021), released by the State Information Center.