China's "sharing a win-win" new economy makes the world "respected"

Xinhua News Agency reporter Liu Yunfei

"Looking up at the phone to scan the QR code, you can ride the bike away?" - Smell the shared bike, the Mexican scholar Lavold was quite surprised.

Like Lavender, Indian Internet companies are also very curious. Not long ago, a group of Indian industry people visited Beijing first to experience shared bicycles, and then experienced mobile payment applications such as WeChat, Alipay, etc., praising the ubiquitous mobile payment scene.

Touching the screen, clothing, food, housing, and one-click solution... Applications based on smart devices and mobile Internet make life easy and convenient. The digital economy and the shared economy that they represent are integrated into the network and are leading China to a new generation of “sharing and win-win” for transformation and upgrading. The Chinese economy in China has provided new growth drivers.

Overseas media have found a new hot spot for sharing bicycles this year after chasing new business stories such as “Dribbling”. Many media quoted the following data: Every morning during the peak rush hour, a shared bicycle is taken off every 10 seconds in the Beijing International Trade Area. Not long ago, Mobike announced daily orders of more than 20 million, and provided over 600 million rides for 50 cities.

To help innovation and the market, Mobike bicycles have become a “microcosm” of the digital economic dividend. Wang Xiaofeng, co-founder and CEO of Mobike, said, “Mobaba is using the Internet and digital technologies to integrate different players in the value chain so that each side can benefit from it, and then create greater and faster returns than traditional industries.”

Boston Consulting Group recently predicted that by 2035, China’s overall digital economy penetration rate will reach 48%, with a total employment capacity of 415 million.

After foreign media reported on the Chinese people’s daily life holding a cell phone and poke a little stamp, it is concluded that in China, vocabulary such as O2O (online to offline), electronic payment, Internet+, etc. is no longer purely technical or The concept of business is the daily life of ordinary people. The combination of capital, innovation, and the market has given rise to the vigorous development of new economic and new forms of business, and has injected a powerful momentum for China's economic transformation and upgrading.

“I have been in Beijing for several months of the year and I no longer need cash in my life. Even vendors selling fruit on street carts can accept QR codes. In terms of digital application technology, China is leading the rest of the world.” The Secretary-General of the East Asia Committee of the British think tank Mai Qian spoke to reporters about this topic.

The Financial Times reported that China’s annual digital payment is 50 times higher than that of the United States. The Internet economy is infiltrating all aspects of Chinese life. The sharing of bicycles to open the “last mile” brings tremendous convenience. People can use and return bicycles anytime, anywhere, which are made possible by the Internet and smart phones.

In the two years before Ruth who had been studying in China for eight years, he returned to Kenya’s University of Nairobi to teach. She was deeply impressed by her online shopping experience during her time studying abroad. "Whether it is a gorgeous dress or a solution to snacks, just one-click orders on Taobao and other online shopping platforms will allow you to wait for goods in your dormitory, which greatly facilitates the 'homestead house women' in the international student community."

Ruth told reporters that although the Internet penetration rate in Africa is also experiencing a leap-forward development, it is still on the way to catch up with China. The local e-commerce business has fewer types of goods, and will often be out of stock. "And in Taobao, only you can't think of, and you can't buy it."

According to Jorge Tello, an economist at the Mexican Institute of Autonomous Technology, the growth of China’s middle class and the promotion and coverage of network technology have pushed the development of the e-commerce industry to its peak. He mentioned that China holds a market share of 45% of the world's e-commerce trade, and about 650 million Chinese Internet users have become customers or potential customers of online shopping and services.

Compared with Ruth in Kenya, he never forgets “online shopping”. Roberto Argentina’s take-away food in China is “long and deep”. He studied for a master of international trade in Zhejiang and told reporters that the Internet has made life simple and efficient, from purchasing movie tickets to obtaining restaurant information. “Especially on the phone, you can eat all kinds of foods. With big data, mobile apps can also grasp the user’s preferences for restaurant recommendations. Such services are unimaginable in Argentina!”

Michael Zakul, vice president of the US Tompkins International Consulting Co., Ltd., a book entitled China Super Consumer, told reporters that China has become one of the major countries in the global digital innovation and internet economy. China has cultivated many innovative and dynamic leading companies that have changed the way the world communicates, shops, and entertains.

What surprises the Brazilian girl Gennana is that the popularity of the Internet in China is not limited to coastal cities. Internet is also popular in both inland and rural areas. Now that she has left China to return to Brazil, she still thinks about the various conveniences that China's Internet has brought to life. Taobao Overseas Edition and AliExpress are still websites she frequents.

According to the latest data, in the field of mobile payment, China benefits from nearly 700 million mobile Internet users, making China a leading international mobile financial power. Last year, the size of China's mobile payment market exceeded US$2.9 trillion, which has increased nearly 20 times in four years.

Some international observers pointed out that from the macroeconomic level, the digital economy, the sharing economy, etc. are cultivating new consumption patterns, making the supporting role of consumption to the economy more obvious. In the first quarter of this year, the contribution of consumption to economic growth reached 77.2%.

Michael Zakul believes that local innovation and domestic demand are becoming the main engine driving China's economic growth. Lin Si, director of the Brazilian Institute of China Studies, said that in the new round of global technological revolution led by the Internet, China seems to have won the top spot. .

According to Luckert, executive vice president of the internet of things and digital supply chain division of German industrial software giant SAP, synergy is the key to China’s huge achievements in digital economic development and is also China’s advantage. Tencent and other companies have clear ideas in terms of collaboration and cooperation, and products developed, such as WeChat, highlight the concept of collaborative cooperation.

Some observers pointed out that China’s new economy has not only created a “new wave” in the country, but it is also having an extensive and far-reaching impact on the world economy because the dividends released by China’s new economy mean “sharing” and “win-win”.

Many German companies are sharing such dividends. Well-known companies such as Henkel and Aldi have entered the Chinese market through e-commerce platforms. In India, Paytm can be downloaded on mobile phones to recharge, cable pay, real-time transfer, scan code consumption and movie ticket purchase. Its high market share benefits from the investment and technical support of Ant Financial.

The first innovation trip from India took place in Beijing. The first trip was to experience a "stop-and-use, scan-to-go," shared bicycle. A venture capital company partner Sanjay said after the experience: "India is not yet such a thing, it is worth learning from, such as the industrial city of Pune near Mumbai, where India's 'city of bicycles', there should be shared The broad market for bicycles." (Participants: Sun Oumeng, Deng Wei, Jin Zheng, Ni Ruijie, Wu Yan, Bi Xiaoyang, Zhang Qichang, Shen Zhonghao, Qian Wei)

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