Tag archives: Sharing economy

BEIJING - China"s sharing economy showed resilience and potential in 2021, with its market turnover up about 9.2 percent year-on-year, a report from the State Information Center showed. The total market turnover stood at around 3.69 trillion yuan ($582.5 billion) last year, according to the report on the development of China's sharing economy. Shared office space saw the fastest expansion, with market size growing 26.2 percent year-on-year. Disrupted by sporadic resurgences of COVID-19 and related regulatory measures, the market size of shared accommodation shrank 3.8 percent from a year earlier, said the report. Shared services continued to play a crucial