During the Opening Session of the 13th National People's Congress, Premier Li Keqiang told the assembly that along with high-speed rail, e-commerce and mobile payments, China's sharing economy industry, exemplified by bike sharing, leads the world. /VCG Photo

Last year, according to China's State Information Center, the sharing economy generated 4.92 trillion yuan's worth of transactions (about 780 billion US dollars), 47 percent higher than 2016. /VCG Photo

More than 700 million people participated in sharing economic activities, 100 million more than in 2016. /VCG Photo

The industry is growing so rapidly, it has expanded beyond the confines of peer-to-peer sharing to include not just bike hire and private taxi hire, but shared washing machines, basketballs, phone chargers and umbrellas. /VCG Photo