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November 15, 2013

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Growth prospects shine for IT sector

The sales revenue of China’s information technology sector will hit 12.5 trillion yuan (US$2.04 trillion) this year, a Ministry of Industry and Information Technology official has forecast.

In the first nine months of 2013, the sales revenue hit 8.98 trillion yuan, up 14 percent annually, said Ding Wenwu, chief of the ministry’s electronics and information department, at the 13th China Tianjin Information Technology Exposition, which opened in Tianjin yesterday.

China’s information technology sector has grown in the past three years, with its output of mobile phones, computers and color TV sets leading the world, Ding said.

With new developments such as the Internet of Things, cloud computing and big data, the sector sees new growth opportunities, he said.

The ministry will back innovations in the sector to enhance its core competitiveness and promote the use of information products and services, Ding added.

 

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