Information consumption touted as new engine
Print Edition
Authorities are aiming to support the consumption of information products and services and make the sector a new engine for boosting domestic demand and driving economic growth.
By the end of 2015, the consumption of information products and services is expected to grow at an annual pace of at least 20 percent to reach 3.2 trillion yuan (US$523 billion), according to a guideline released yesterday by the State Council, China’s Cabinet.
“As China’s personal consumption is upgrading and the country is undergoing the processes of industrialization, informatization, urbanization and agricultural modernization, information consumption has a sound foundation and tremendous potential,” the guideline said.
“Boosting information consumption can invigorate domestic demand and act as a new growth point for the economy, as well as upgrade the service industry, promote economic restructuring and improve people’s lives,” it said.
The guideline highlights innovation and the power of market forces to promote rapid information consumption.
The value of industries that are supported by information consumption is set to increase by 1.2 trillion yuan by the end of 2015, according to the guideline.
Internet-based consumption should grow by at least 30 percent annually to 2.4 trillion yuan, the guideline added.
According to the data published by the Ministry of Industry and Information Technology, the e-commerce sector raked in 4.98 trillion yuan in revenue in the first half of this year, up 45.3 percent year on year. Consumption of information products and services jumped 20.7 percent year on year to 2.07 trillion yuan, while the output of smartphones surged 120 percent to 214 million units.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
