The decline in the number of Chinese Internet users has affected the Economy in China, as the New Economy is propelled by the advancements in internet and any changes in the usage has a direct impact. In the nascent stages, when internet was a new concept, the number of internet users has been steadily increasing.
In fact, today they have reached the 16.9 million mark as recorded, in the early part of the last decade. The ecommerce transaction also increased by leaps and bound with subsequent advancements in B2C transactions. According to experts, Internet commerce has a promising future on the virtual front. The internet has transformed the mode of communication, as today one can communicate around the globe at an amazing speed that seems so effortless.
On the flip side of the coin, internet has been blamed for social isolation and other mental problems of the Chinese internet users. According to an online survey, the number of Chinese internet users that socialize through the internet has increased significantly, and can be calculated to 4.8%. Various social networking websites are available on the internet, and are almost addicting as users spend more time tweeting online rather than communicating in the real world.
In the present scenario, where everybody is too busy in the lives and have no time to visit friends and family, make use of the internet to stay in touch. According to a survey, internet has contributed to the development of interpersonal relationships in the virtual world. Around 90% of the internet users attested that internet usage enhanced their relationships with friends and family by 4.8%.
Many users who find useful information on the internet are willing to share it with their colleagues; this has lead to enhanced life efficiency and spread of knowledge which is important for the growth of society as a whole. It is the nature of progress that is instrumental in enhancing efficiency among the people in china. The internet is the platform that offers both flexibility and personalization in communication for the Chinese internet users.
The internet is an open arena for the various companies involved in ecommerce as the small business entrepreneur can compete against big conglomerates. Internet has also witnessed the downfall of major companies from the real world that could not survive on the internet. On the other hand, there have been many entrepreneurs that have made a phenomenal success on the World Wide Web. The Economy in China is now struggling to adapt as the number of Chinese internet users is eroding at a fast pace. Therefore, it is important to embrace change in order to propel the internet economy in China.