E-commerce has become tool for poverty alleviation in China – ambassador

Cholpon-Ata, Aug.2, 2019. /Kabar/. E-commerce has become a tool for poverty alleviation in China, Ambassador of China to Kyrgyzstan Du Dewen said at the IV Issyk-Kul Investment Forum, which is taking place in Cholpon-Ata town.
She told the Forum participants about the development of digital transformation in China.
"E-commerce is rapidly developing in China. Since 2003, China's economy has moved into a period of rapid growth. Retail sales have been the world's top seller for the past 6 years," she said.
The ambassador also noted China is developing innovations and mobile payments.
"Since 2013, the internet industry has switched to mobile communications. China's digital economy has entered a period of maturity. In 2018, China's total digital economy exceeded CNY 30 trillion, or more than $4 trillion. China already uses 5G technology," she added.
"In China 90% of the poor live in mountains or deserts, i.e. in places with difficult access. Digital commerce is helping them," the diplomat concluded.