Chinese parents have always valued education, but nowadays the push for success starts when kids are toddlers. According to bg.qianzhan.com, which analyzes the education industry, the market size of early education for children in China under six hit 347.9 billion yuan (US$50b) in 2015 and is expected to reach 415 billion yuan (US$60b) in 2016.
Statistics from the Ministry of Finance showed that as of the end of September 2016, there were 10,471 public-private partnership (PPP) funded projects nationwide worth 12.46 trillion yuan (US$1.8t).
According to statistics from the China Academy of Information and Communications Technology, the market size of cloud computing in China hit 37.8 billion yuan (US$5.4b) in 2015 and a substantial increase is expected in 2016.
“The real economy continues to slide, while real estate and finance have made the biggest ever contributors to economic growth. It means that the Chinese economy has been relying too much on these two industries.” Fan Jianping, chief economist at the State Information Center, talking about the risks facing the Chinese economy.
In July 2016, the Ministry of Transport released two draft guidelines to standardize online car-hailing services, recognize the business model and laying out the general rules for car-hailing operations that will come into effect on November 1.
Statistics from the International Federation of Robotics show that from 2010 to 2016, the annual growth rate of the total supply of China’s industrial robots hit 40 percent.