Data of Typical Markets in China's New Economy Industry in Q4 2019 & Q1 2020

Source:iResearchApril 26,20201:58 PM Overview

Around the Spring Festival holiday in 2020, the outbreak of COVID-19 has affected Chinese residents' normal life and the companies' work to a certain extent. In Q1 2020, GDP fell by 6.8% year-on-year. Although work resumption is gradually taking place in some areas, the recovery of corporate vitality and industrial productivity are facing huge challenges since COVID-19 is still spreading in the world and the downside risks of the world economy are increasing.

 

On the other hand, COVID-19 has disrupted the pace of both production and life, and accelerated the iteration of the traditional production model as well as the change of the netizens' lifestyle. The companies have to try informationization and online businesses to meet epidemic prevention and production demands. Chinese residents are becoming more used to online learning, working, entertainment, and consumption. From January to February, the revenue of the companies above designated size in the service industry dropped by 12.2%. But the revenue of the Internet and related services industry and the software and information technology service industry increased by 10.1% and 0.7% respectively.

 

Against this industry background, China's Internet industry is facing both opportunities and challenges. Take the following areas as examples:

Contents

Around the Spring Festival holiday in 2020, the outbreak of COVID-19 has affected Chinese residents' normal life and the companies' work to a certain extent. In Q1 2020, GDP fell by 6.8% year-on-year. Although work resumption is gradually taking place in some areas, the recovery of corporate vitality and industrial productivity are facing huge challenges since COVID-19 is still spreading in the world and the downside risks of the world economy are increasing.
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