---
title: "Bai Jiang from the China Cyberspace Research Institute: The transaction scale of mobile payments and the scale of the online retail market in China rank first in the world"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264958199.md"
description: "At the 2025 World Internet Conference in Wuzhen, Bai Jiang, Vice President of the China Cyberspace Research Institute, stated that China's mobile payment transaction volume and online retail market size rank first in the world. By the end of 2024, the added value of China's core digital economy industries is expected to account for 10.4% of GDP, achieving the \"14th Five-Year Plan\" target ahead of schedule. The mobile payment amount is expected to reach 563.7 trillion yuan, and online retail sales will be 15.23 trillion yuan, demonstrating the significant effectiveness of the digital economy in promoting high-quality development"
datetime: "2025-11-08T06:44:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264958199.md)
  - [en](https://longbridge.com/en/news/264958199.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264958199.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/264958199.md) | [繁體中文](https://longbridge.com/zh-HK/news/264958199.md)


# Bai Jiang from the China Cyberspace Research Institute: The transaction scale of mobile payments and the scale of the online retail market in China rank first in the world

On November 8th, at the press conference for the Blue Book of the 2025 World Internet Conference Wuzhen Summit, Bai Jiang, Deputy Director of the China Cyberspace Research Institute, stated that the achievements of China's internet development over the past five years are significant, particularly in promoting high-quality development through the digital economy. Bai introduced that by the end of 2024, the added value of China's core digital economy industries will account for 10.4% of the gross domestic product, achieving the "14th Five-Year Plan" target ahead of schedule. Digital transformation and intelligent upgrades are extending across the entire industrial chain. Currently, the scale of China's industrial internet core industries exceeds 1.5 trillion yuan; the contribution rate of agricultural science and technology progress has reached 63.2%; and the digitization of the service industry has become an important tool for expanding domestic demand and promoting consumption. In 2024, the amount of mobile payments reached 56.37 trillion yuan, and online retail sales reached 15.23 trillion yuan, with the scale of mobile payment transactions and the online retail market ranking first in the world

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