China's Online Information Consumption to Reach 6 Trillion yuan by 2020
China has released a three-year action plan to grow the consumption of online information products and services by 11 percent a year on average and reach 6 trillion yuan ($875 billion) by 2020.
The plan, released by the Ministry of Industry and Information Technology and National Development and Reform Commission, said efforts will be made to let information technology play a bigger role in stimulating consumption, with the combined output of related industries expected to reach 15 trillion yuan.
In three years, China aims to ensure 98 percent of rural villages have fiber optic networks and 4G mobile Internet, alongside the commercial 5G network launch.
The country will also strengthen research and development of core technology, promote information product innovation and industrialization, and integrate the Internet with medical care, pensions, education, and culture, according to the plan.
Among the specific goals, China will boost support to intelligently connected vehicles and aims to establish a reliable computing platform by 2020. Companies will also be encouraged to adopt cloud computing products and services to enhance management efficiency.
Source: Ecns.cn
The plan, released by the Ministry of Industry and Information Technology and National Development and Reform Commission, said efforts will be made to let information technology play a bigger role in stimulating consumption, with the combined output of related industries expected to reach 15 trillion yuan.
In three years, China aims to ensure 98 percent of rural villages have fiber optic networks and 4G mobile Internet, alongside the commercial 5G network launch.
The country will also strengthen research and development of core technology, promote information product innovation and industrialization, and integrate the Internet with medical care, pensions, education, and culture, according to the plan.
Among the specific goals, China will boost support to intelligently connected vehicles and aims to establish a reliable computing platform by 2020. Companies will also be encouraged to adopt cloud computing products and services to enhance management efficiency.
Source: Ecns.cn