Digital economy could create 400m jobs: BCG

Source:Xinhua Published: 2017/1/8 23:03:39

China's digital economy is predicted to create more than 400 million jobs by 2035, a consultancy report said.

The Internet-based economy could be worth $16 trillion by then, according to a Boston Consulting Group (BCG) report, released at a new economy summit sponsored by Alibaba Group on Saturday.

Alibaba Group Holdings, China's biggest online trader, is expected to generate more than 100 million of those jobs, according to the report, with 30 million created in 2016.

As jobs are created, digital technologies like cloud computing and artificial intelligence will replace more and more manpower, according to the report.

Meanwhile, 20 percent 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 one-quarter of the world's economy, Gao said.

Posted in: ECONOMY

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