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.