According to a new report from China ’s the National Information Center's Information Research Department , sharing economy platforms in the county created a market worth $ 298bn in annual , which is set to grow at an annual rate of 40% over annual , accounting for 40% of China ’s total GDP by the next five years . Zhang Xinhong, with the National Information Center's Information Research Department, said China's sharing economy would grow at an annual rate of 40 per cent in the next five years, and would take up more than 10 per cent of China's by 2020. The report shows there are already 50 million sharing economy-style business providers in China , with over 500 million customers.
According to a new report from China ’s the National Information Center's Information Research Department , sharing economy platforms in the county created a market worth $ 298bn in annual , which is set to grow at an annual rate of 40% over annual , accounting for 40% of China ’s total GDP by the next five years . The report shows there are already 50 million sharing economy-style business providers in China , with over 500 million customers.