Digital economy to create 400m jobs in China

Xinhua, BEIJING:  China’s digital economy is predicted to create over 400 million jobs by 2035, a new report has said.
Internet-based economy could be worth 16 trillion US dollars by then, according to a Boston Consulting Group report, released at a new economy summit sponsored by Alibaba Group on Saturday.
Alibaba, China’s biggest online trader, is expected to generate over 100 million of those jobs, according to the report, with 30 million created last year.
As jobs are created, digital technology like cloud computing and artificial intelligence will replace more and more manpower, the report said.
Meanwhile, 20 per cent of the world’s population will become self-employed or freelance via the Internet in the next decade, Alibaba Vice President Gao Hongbing said at the summit.
The digital economy will surpass the manufacturing sector in scale and account for a quarter of the world’s economy, Gao said.

Digital economy to create 400m jobs in China

Xinhua, BEIJING: Chinas digital economy is predicted to create over 400 million jobs by 2035, a new reporthas said. Internet-based economy could be worth 16 trillion US dollars by then, according to a Boston Consulting Group report, released at a new economy summit sponsored by Alibaba Group on Saturday. Alibaba, Chinas biggest online trader, is expected to generate over 100 million of those jobs, according to the report, with 30 million created last year. As jobs are created, digital technology like cloud computing and artificial intelligence will replace more and more manpower, the report said. Meanwhile, 20 per cent of the worlds population will become self-employed or freelance via the Internet in the next decade, Alibaba Vice President Gao Hongbing said at the summit. The digital economy will surpass the manufacturing sector in scale and account for a quarter of the worlds economy, Gao said.