-- The following data and analysis are from the Global and Chinese ****Help Economy Development Patterns and Typical Cases Analysis Report by Foresight Industry Research Institute.

China's ****sharing economy market transaction scale will be about 337.73 billion yuan in 2020, with a year-on-year growth of about 2.9%. The market size of ***shared economy in the three areas of life services, production capacity and knowledge skills ranked the top three, with 16175 billion yuan, 1084.8 billion yuan and 401 billion yuan, respectively.

2020*** Enjoy economic growth of about 3%

2020 new crown epidemic suddenly hit the world, but also a very extraordinary year in the history of new China. The international situation is grim and complex, the domestic reform, development and stability of the task is arduous and burdensome, superimposed on the serious impact of the epidemic. Under such extremely unfavorable conditions, China has withstood the test and become the only major economy in the world to achieve positive economic growth, showing a strong ability to resist risks.

In this process, the new industry and new model represented by the *** enjoyment economy has shown great resilience and development potential, and has played an important role in safeguarding people's livelihood supply, promoting the resumption of work and production, expanding consumption, and boosting domestic demand in many aspects.

***Help economy enterprises give full play to their platform advantages, and while meeting people's daily needs, they continue to push forward changes in the fields of travel, accommodation, production, education, and healthcare, and have become an important driving force in the digital transformation of the economy and society.

The transaction scale of China's ****health economy market in 2020 will be about 337.73 billion yuan, with a year-on-year growth of about 2.9%, and the overall growth rate will slow down sharply compared with that of 2019.

From the perspective of market structure, the market size of the ***享经济 market in the three areas of life services, production capacity, and knowledge and skills ranked in the top three, with RMB 1,617.5 billion, RMB 1,084.8 billion, and RMB 401.0 billion, respectively.

In terms of development speed, the impact of the epidemic on different areas of the ****sharing economy is significantly different, as different types of ****sharing platforms play different roles in industrial activities. The market size of transactions in two sectors, knowledge and skills and medical ****enjoyment, grew by 30.9% and 27.8% respectively, while those sectors that must complete the closed loop of transactions through offline activities saw a significant decline in market size under the impact of the epidemic.

The three areas with the largest decline in transaction size were ***Help Accommodation, ***Help Office and ***Help Travel, down 29.8%, 26% and 15.7% year-on-year, respectively. In addition, the transaction scale of the living services sector fell by 6.5% year-on-year, mainly because the entire catering industry, housekeeping services and offline leisure and entertainment were severely impacted after the outbreak, and the consumption of living services declined sharply.

Taking the catering industry as an example, data from the National Bureau of Statistics (NBS) showed that catering revenue in the first quarter of 2020 declined by 44.3%, and catering revenue in October increased by 0.8% year-on-year, the first time that positive growth was realized during the year, but it still declined by 21.0% year-on-year from January to October.

***Helping the economy to stabilize employment role highlighted

Sudden epidemic shock and the employment market persistent aggregate pressure and structural contradictions superimposed, the overall employment situation in China in 2020 is facing unprecedented huge challenges. Data from the National Bureau of Statistics show that from January to November 2020, 10.99 million people were newly employed in cities and towns across the country, completing 122.1% of the annual target task.

The overall employment situation across the board has been stable and better than expected, thanks to the implementation of a series of employment-preserving policies, and thanks to the fact that the development of the ****enjoyment economy has provided a large number of flexible jobs, which have played an important role in broadening employment channels, enhancing employment flexibility, and increasing the income of workers.

In 2020, the number of participants in China's ****sharing economy will be about 830 million, of which about 84 million will be service providers, an increase of about 7.7% year-on-year; and the number of employees of platform enterprises will be about 6.31 million, an increase of about 1.3% year-on-year.

***healthy services and consumption become an important force

From the development trend of ****healthy services, in the field of transportation and travel, in 2020, the share of online cab passenger traffic in the total cab passenger traffic will be about 36.2%, accounting for a slight decrease of 0.3 percentage points compared with 2019. The main reason is that for the needs of epidemic prevention and control, in the case of a significant decline in the willingness of residents to travel, a lot of dusty in a certain period of time to suspend the network car platform services.

Incomplete statistics, in the first half of the year, more than 50 cities across the country issued a certain period of time net car suspension requirements, net car platform orders than cruising cabs declined even more; some places even because of the net car suspension or stagnant passenger flow, resulting in a large number of net car drivers to the offline operating services to apply for a refund of the car event. On the other hand, the research shows that during the epidemic period, the share of orders for specialized car services on the online taxi platform was significantly higher than before the epidemic.

In the field of living services, the epidemic has restricted people's offline activities, and the demand for online living services has greatly increased, resulting in the outbreak of the "home economy". Taking online takeout as an example, estimates show that online takeout revenue will account for about 16.6% of the national catering revenue in 2020, up 3.8 percentage points year-on-year (Figure 5).

The online takeaway market is growing rapidly as catering enterprises actively carry out takeaway marketing and promotion, increase the proportion of takeaway business, and carry out "no-touch" delivery services to meet people's demand for catering services under the epidemic. Data from the National Bureau of Statistics showed that as of mid-June 2020, the production rate of fast food and takeaway-related industries was about 10 percentage points higher than that of the catering industry as a whole.

In the lodging sector, the share of ****enjoyed lodging revenues in the national lodging industry room revenues was about 6.7% in 2020, a slight decrease of 0.2 percentage points year-on-year. Overall, the entire lodging services industry is one of the areas hardest hit by the epidemic, and the new business of *** enjoyment lodging is no exception. Especially in the first half of the year, the total number of orders on the major ****healthy lodging platforms in the first five months fell 65 percent year-on-year, the number of people received fell 63 percent year-on-year, and the overall market turnover dropped a whopping 72.1 percent year-on-year.

With the domestic epidemic prevention and control achieving remarkable results, the relevant departments have introduced a series of supportive policies to help enterprises ease their difficulties, platform enterprises are actively exploring new marketing models and increasing support for merchants, coupled with the release of people's temporarily suppressed demand for travel and leisure, the self-repairing and innovative kinetic energy of the development of the ****shared accommodation industry has continued to accumulate and become increasingly powerful.

From the perspective of residents' consumption, under the impact of the epidemic, the choices of online necessities purchase, fresh food retail delivery, and home delivery services have been significantly improved compared with the usual ones. the penetration rates of online taxi users, ****enjoyment lodging users, and online takeout users among Internet users in 2020 were 36.19%, 7.43%, and 43.52%, respectively.

From the point of view of the share of expenditure on ****-enjoyable services in major areas, the share of per capita online takeaway expenditure in catering consumption expenditure in 2020 will continue to increase, reaching 16.6%, up 4.2 percentage points from the previous year. The share of per capita online takeout expenditure in travel consumption expenditure will remain basically unchanged from the previous year, at about 11.3%.

Per capita ****healthy accommodation expenditure as a share of accommodation consumption, on the other hand, fell to 4.9% from 7.4% last year, with the larger decline mainly due to a significant drop in demand for travel and accommodation and a sharp decrease in orders under the epidemic prevention and control, as well as a significant drop in the price of the same time night.

Significant increase in direct financing

The scale of direct financing in the field of ****health economy in 2020 was about 118.5 billion yuan, a significant increase of 66% year-on-year. The financing situation of each field varies greatly, *** enjoy office, is the production capacity and *** enjoy medical and other fields of financing increased significantly, up 466.7%, 285.6% and 130.7%; *** enjoy accommodation field financing scale compared with the previous year dropped significantly.