China’s Internet growth defies global economic downturn
If China is suffering under the global economic downturn, you wouldn’t know it judging by the growth in the number of Chinese netizens. In Q1 2009, Chinese Internet users grew by 16.2 million, reaching a total of 316 million. This growth is on top of a stellar 2008 when China’s Internet users increased by an astounding 41%!
Over 90% of netizens are on high-speed (broadband) connections. This fresh data comes from Xi Guohua, Vice Minister of China’s Ministry of Industry and Information Technology (MIIT). Xi noted that; “while the global financial crisis brought impact to the real economy, China’s Internet industry did not slow its development speed.”
The Vice Minister further revealed that during the past year, China’s e-commerce market scale was estimated at CNY3 trillion, a year-on-year increase of 41.7%; the scale of the online advertising market was about CNY12 billion, a year-on-year increase of 55.8%; and the scale of the online games market was between CNY19 billion and CNY20 billion, a year-on-year increase of about 50%. More > HERE