Speical: China to boost information consumption

2013-08-23 09:12

By Hao Yan (chinadaily.com.cn)

	Promoting China's information consumption Miao Wei, the minister of Industry and Information Technology, said establishing a long-term mechanism to promote information consumption will drive demand and stimulate the birth of a new economic growth point, improve consumption, industry transformation and people's livelihoods, which will benefit both short- and long-term interest.
	Information consumption key to economic future: State Council More efforts are needed to boost domestic information-sector consumption and make the industry a new driver of economic growth, according to guidance from the State Council issued on Aug 14.
	China boosts information consumption Authorities are aiming to boost the consumption of information products and services and make the sector a new engine for boosting domestic demand and driving economic growth.
Broadband blueprint to help economic restructuring The "Broadband China " strategy aims to expand broadband coverage in both rural and urban areas, with urban and rural household broadband speeds reaching 20 megabytes per second (Mbps) and 4 Mbps respectively by 2020
China expects nationwide broadband by 2020 China will strive to complete broadband coverage of both urban and rural areas by 2020, The State Council, China's cabinet, announced on Aug 17.
Go online to reap the harvest With revenues in excess of $210 billion last year and a steadily growing customer base of more than 500 million, the e-commerce industry in China is fast catching the fancy of big names such as Louis Vuitton, Adidas AG, Samsung Group and The Walt Disney Co.
Info sector: New engine of economic growth China aims to boost the consumption of information products and services, making the sector a new engine for boosting domestic demand and a new driver of economic growth, according to a guideline released by the State Council.	Internet sector optimistic to buoy economy? China's Internet economy will take up 6.9 percent of its GDP in 2016, up from 5.5 percent seen in 2010, according to a research report by the Boston Consulting Group last year.