The identity of a Shanghai vagrant, who has become an overnight online celebrity after videos of him explaining Chinese classics to passers-by went viral on Chin
ese social media, has been confirmed by his employer, the auditing office of Shanghai’s Xuhui district government.
The office said the vagrant called Shen Wei became one of its employees in 1986 but
has been on sick leave since 1993, during which he has been paid with a basic salary.
For the past seven years, Shen, usually in rags and tangled long hair, has lived near the metro st
ation of Yanggao South Station and collected garbage every day. He began to get online attention over the past few
days when videos taken by passers-by, and then online broadcasters, show his eloquence, resourceful knowledge of Chinese classics and “wor
ds of wisdom” as he advises onlookers to spend more time on reading rather than taking videos of him.
He spends most of his spare time reading books, mostly Chinese classics which he has bought wit
h the money he earns from garbage collecting. He refuses to receive help and told the Red Star News reporter that he has around 10
0,000 yuan ($14,991) in his bank account. The money comes from his 2,000 yuan monthly salary and his father’s savings.
Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua
n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.
A total of 60.53 billion mobile payment transactions were conducted last year, as a repor
t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.
From around 2013, with online payments dominant and mobile payments only nas
cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo
bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.
The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans
action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.
Information consumption has become a new engine for China’s economy, playing a vital role in d
riving domestic demand, creating jobs and pushing forward industrial upgrades, People’s Daily reported.
Last year, China’s information consumption rose 11 percent year-on-year to
5 trillion yuan ($745.39 billion), accounting for 6 percent of the GDP, according to the Internet Society of China.
To further boost information consumption, the Ministry of Industry and Inform
ation Technology and the National Development and Reform Commission unveiled an action plan in August.
According to the plan, by 2020, China’s spending on information consum
ption is expected to be 6 trillion yuan, with average annual growth of more than 11 perce
nt. Information technology is estimated to drive 15 trillion yuan in related consumption.
and reduce costs of internet services, which will be good not only for consumers but also for industrial upgrading.
The country’s three telecom carriers — China Mobile Communications, China United Network Comm
unications Group and China Telecommunications Corp — announced steps to scrap domestic long-distan
ce and roaming charges from Oct 1, 2017, and cancel data roaming fees within the country starting July 1, 2018.
However, increasing speed and cutting charges doesn’t bring less
revenue for telecom operators. According to the Ministry of Industry and Information Technology, du
ring the first half of last year, revenues from the telecom business rose 4.1 percent year-on-year to 672 billion yuan.
Mobile internet traffic jumped 199.6 percent to 26.6 billion gigabytes. Among them, inter
net usage via phones soared 214.7 percent to 26.2 billion gigabytes, accounting for 98.3 percent of the total.