The 2021 World Internet Conference Wuzhen Summit opens in Wuzhen, East China's Zhejiang province, Sept 26, 2021. [Photo/Xinhua]
>Digital economy reaches 39.2t yuan
China's digital economy grew to 39.2 trillion yuan in 2020, accounting for 38.6% of the country's total GDP and up 9.7% year on year, according to a report. The report on development of the internet in China was released by the Chinese Academy of Cyberspace Studies at the World Internet Conference Wuzhen Summit, which opened Sunday in East China's Zhejiang province.
In 2020, the volume of e-commerce transactions recorded in China reached 37.21 trillion yuan, up 4.5% from 2019, while the operating income of the e-commerce service sector reached 5.45 trillion yuan, an increase of 21.9% year on year, according to the report.
The digital economy has become a key option for countries around the world seeking to hedge against the impact of the COVID-19 pandemic and to speed up economic and social transformation, said a report on global internet development also released on Sunday, adding that new information infrastructure has gradually become a new driving force for global economic growth.
A worker transports COVID-19 vaccines at Baghdad International Airport in Iraq on Aug 12, 2021. [Photo/Xinhua]
>China provides 1.25b doses of vaccines to the world
The Global Development Initiative has charted the course for advancing global development and international development cooperation, said Chinese State Councilor and Foreign Minister Wang Yi, calling for taking the opportunity of implementing the initiative to further deepen global cooperation. He made the remarks in a speech at the opening ceremony of the 2021 Sustainable Development Forum in Beijing on Sunday via video link.
As the largest developing country, China has always helped other developing countries and actively promoted South-South Cooperation, providing development assistance to more than 160 developing countries, according to Wang.
Talking about China's contributions to the global fight against COVID-19, Wang said that China has provided more than 1.25 billion doses of vaccines to the world, and will provide 2 billion throughout this year. In addition to donating $100 million to COVAX, China will donate 100 million additional doses of vaccines to other developing countries.
Visitors are seen at Zhongnanmen Historical and Cultural Tourist Area in Tongren city, Southwest China's Guizhou province, on Aug 20, 2021. [Photo/Xinhua]
>2021 retail sales to hit 44t yuan
China's retail sales of consumer goods are expected to hit 44 trillion yuan in 2021, an official said Sunday. The estimated figure will represent an increase of about 12.5% from last year and 8% from 2019, said Wang Bin, an official from the Ministry of Commerce, at a press conference.
Considering the growth month by month in the second half of 2020, the year-on-year growth trend of consumption will be "low-after-high" throughout this year, Wang said, adding that the country's consumption will continue its steady recovery in the fourth quarter.
The latest data shows that China's retail sales of consumer goods went up 2.5% year on year, to around 3.44 trillion yuan in August, according to the National Bureau of Statistics.
>EU to force USB-C chargers for all phones
Manufacturers will be forced to create a universal charging solution for phones and small electronic devices, under a new rule proposed by the European Commission (EC).
The aim is to reduce waste by encouraging consumers to re-use existing chargers when buying a new device.
All smartphones sold in the EU must have USB-C chargers, the proposal said.
Apple has warned that such a move would harm innovation.
"We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world," the firm told the BBC.
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