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As a result, a number of training programs have been started with the help of industry experts in the city.

As a key factor driving digitalization, the internet has prompted digital economy to be a new engine of China's economic growth, said Chen Zhaoxiong, vice-minister of industry and information technology, on July 10 at the China Internet Conference in Beijing.

As both economies are proficient in exporting goods and providing services, China and Spain have been strong supporters of the multilateral trade system and investment growth and oppose trade protectionism, said Yu Jianlong, secretary-general of the China Chamber of International Commerce.

As business boomed, Xu Sr. and some friends started a garbage-trading market in Dongxiaokou, a township in Changping district that was home to about 300,000 garbage collectors.

As a new business model, sharing economy is of great market value and potential, for it combines "platform" and "service" together, said Pan Helin, executive director of the Institute for Digital Economics at Zhongnan University of Economics and Law. "On the other hand, the sharing economy can effectively improve the utilization efficiency of idle resources, and attracts investment of market-oriented enterprises."