Sharing economy a rising star despite COVID woes By ZHENG YIRAN | China Daily | Updated: 2021-02-25 10:21 Share CLOSE A rider parks a shared bicycle at a parking lot earmarked for shared bikes in Nanjing, Jiangsu province, in October. [Photo by Wang Qiming/For China Daily]
The growth rate of China s sharing economy sector is expected to be between 10 and 15 percent this year, and maintain an average annual growth rate of over 10 percent in the coming five years, thanks to an expected strong recovery in the macroeconomy, a recent report said.
The State Information Center said that in 2020, amid challenges brought by COVID-19, new business modes featuring the sharing economy demonstrated tremendous resilience and development potential. The trade volume of the sharing economy for the year surged 2.9 percent year-on-year to 3.38 trillion yuan ($523.6 billion).
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2021-02-19 17:02
Although the COVID-19 pandemic raging across the world landed a severe blow on the global economy in 2020, China and other countries along the Belt and Road have secured hard-won results and made solid progress in the joint construction of the Belt and Road Initiative (BRI), which has shown impressive resilience, vitality and appeal amid the pandemic.
Last year, countries along the Belt and Road fought against the virus through solidarity and put into practice the idea of building a community with a shared future for mankind in international anti-epidemic cooperation.
When China was in the depth of its own fight against the COVID-19, countries along the Belt and Road actively supported the Chinese people. A total of 79 countries and 10 international organizations have provided anti-epidemic materials for China.
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The Belt and Road Initiative Center | Updated: 2021-02-09 16:58 Share CLOSE A China-Europe freight train loaded with anti-epidemic supplies departs from Yiwu, Zhejiang province, for Malaszewicze, Poland. [Photo by Gong Xianming/For China Daily]
In 2020, COVID-19 swept the world, dragging the global economy into a deep recession. China and the countries participating in the Belt and Road Initiative have been striving to move forward with perseverance, and the Belt and Road cooperation has shown great resilience, vigorous vitality and strong appeal to cushion the impact, achieving considerable results during the past year.
Mutual assistance in the fight against the epidemic practices the concept of the community with shared future for mankind
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