China's digital transformation: The Internet's impact on productivity and growth

With some 632 million users, China's Internet has already given rise to a dynamic technology sector, thriving social networks, and the world's largest e-tailing market. This report from the McKinsey Global Institute shows how the economy is poised for an even greater transformation as Chinese enterprises go digital. New applications of the Internet could account for up to 22 percent of China's GDP growth through 2025.