China?s online retail sales grew 49.7% to RMB 2.79 trillion last year, prompting Ma Jiantang, head of the National Bureau of Statistics, to comment: ?This is where our hope lies.? It was by far the most high-profile signal that China?s leaders, perhaps helped along by the successful IPO of Alibaba and many other Internet companies, recognize the potential of China?s 780 million online users. It is a sign that they embrace the benefits of the Internet which is expected to create 46 million new jobs in China by 2025.
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