China's mobile payment transactions surpass 158 trillion RMB: Xi

Chinese President Xi Jinping delivers a keynote speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Vietnam, November 10, 2017. [Photo: Xinhua/Li Tao]

With 750 million Internet users, China's online retail sales are growing by 30 percent a year, with sharing economy volume reaching 3.5 trillion RMB (around 528 billion U.S. dollars) and mobile payment transactions surpassing 158 trillion RMB (23.84 trillion dollars), Chinese President Xi Jinping said Saturday at the Asia-Pacific Economic Cooperation Economic Leaders' Meeting.