Latest News:  


Internet industry helps keep Chinese economy steady

By Chen Limin  (China Daily)

08:34, January 18, 2013's booth at a trade show last year in Shanghai. [Photo / China Daily]

China's booming Internet industry has helped the country counter the global economic crisis in recent years, an industry association official said.

Gao Xinmin, vice-president of the Internet Society of China, said during an industry forum in Beijing on Wednesday that "the industry has become an important way for China to ease the effects of the economic crisis".

Total revenues of the industry are estimated to have been 450 billion yuan ($72.4 billion) last year, an increase of 32 percent from a year earlier, he said.

The number of China's Internet users rose to a record 564 million by December, more than four times Japan's total population in 2011. With the increasingly large Internet population, Internet services such as online shopping, online advertising and online games have become increasingly popular, transforming the huge number of users into revenues.

Chinese listed Internet companies saw their profit margins increase by 33.7 percent, and revenues by 32.8 percent, over the past year. The figures are higher than those of the top 30 Internet companies in the world by market value, which registered a 13.5 percent rise in profits and 27 percent rise in revenues on average, Gao said.

【1】 【2】

We recommend:

Online turnover surpasses 1 trillion yuan in 2012

Jack Ma to step down as Alibaba CEO

FDI sees 1st decrease in 9 years amid slowdown

China helps drive Rolls to record year

Top Ten Economic Events in 2012

CIC seeks balanced portfolio


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Confrontation drill in Yunnan province

  2. PLA army aviation brigade in flight training

  3. Brazilians protest old Indian Museum

  4. Heartbreaking farewell to hero schoolmaster

  5. Beijingers see first sunshine in seven days

  6. Cities surrounded by pollution

  7. Corruption curbs crimp luxury market

  8. Come and enjoy Yangge dance in ice and snow

  9. Experience the folk culture in NE China's snow house

  10. 'The Grandmaster' exceeds expectations

Most Popular


  1. Tax wrong weapon to combat home prices
  2. What you may not know about studying abroad
  3. Encircling China just Japan's wishful thinking
  4. Editorial: Prudence in urbanization
  5. Japan PM Abe's regional trip 'targets China'
  6. Why won't people give up driving in hazy weather?
  7. Political inertia hinders gun control action
  8. Why supervision on 'drug chicken' lacks intensity
  9. US won’t let Japan go its own way
  10. Taxi shortage a big headache in China

What’s happening in China

Railway staff members express Spring Festival greetings

  1. Old pipes may taint Beijing water
  2. Report says sick chickens sold
  3. Tickets tight for Spring Festival
  4. Extra cross-Strait flights during Spring Festival
  5. 'Family feud dramas' concern TV viewers