In 2023, China witnessed significant advancements across various sectors of its digital economy, highlighted by remarkable growth in online payments, shopping, delivery services, and travel booking, driven by technological innovations and robust policy support.

Online Payments

By December 2023, China's online payment user base reached 954 million people, an increase of 42.43 million from December 2022, accounting for 87.3% of netizens.

In 2023, China's online payment industry continued to make steady progress, with an expanding user base and a diversification of payment methods, contributing to the efficient operation of the national economy.

The scale of users reached a historic high. With more refined top-level design and an enriched supply of services, the scale of online payment users in China continued to expand, and the transaction volume significantly grew, supporting the high-quality development of the national payment system.

The online payment user base r...