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China to boost information consumption

Promoting the consumption of information - a field that involves e-commerce, the Internet and cloud computing technology - can effectively drive demand, create new sources of economic growth and help consumption upgrading, said the document posted on the central government's website. In this context, there will be a more available, accessible and affordable Internet to all average people in China.

Here is the news 

China to boost information consumption

By Shen Jingting ( chinadaily.com.cn)http://www.chinadaily.com.cn/business/2013-08/14/content_16894380.htm

China has to step up its effort to boost domestic information consumption and make the sectora new driver for economic growth, according to a State Council guidance issued on Aug 14.

Promoting information consumption, a field that involves e-commerce business, the Internetand cloud computing technology, can effectively drive demand, create new sources ofeconomic growth and help upgrade consumption, said the guidance.

China aims to boost public and household spending on the IT industry by more than 20 percentannually through 2015, the document said. By that time, the nation's information consumptionvolume is expected to exceed 3.2 trillion yuan ($522 billion), driving new output in relatedindustries of 1.2 trillion yuan.

The country's e-commerce sector is expected to experience rapid growth as well. By 2015, thetransaction volume on China's e-commerce platforms is targeted to be 18 trillion yuan, of which3 trillion yuan is expected to come from online retail transactions.

The guidance also calls for significant improvement in the country's information infrastructure.By 2015, the broadband access speed in Chinese city households should reach 20 Mbps, andrural households are expected to have a broadband speed of 4 Mbps.

IT key to economic future: State Council

By Shen Jingting ( China Daily)http://www.chinadaily.com.cn/business/2013-08/15/content_16895863.htm

More efforts are needed to boost domestic information-sector consumption and make theindustry a new driver of economic growth, according to guidance from the State Council issuedon Wednesday.

Promoting the consumption of information - a field that involves e-commerce, the Internet andcloud computing technology - can effectively drive demand, create new sources of economicgrowth and help consumption upgrading, said the document posted on the centralgovernment's website.

China aims to boost public-sector and household spending on the IT industry by more than 20percent annually through 2015, the document noted.

By that year, which is the end of the 12th Five-Year Plan, information consumption volume willexceed 3.2 trillion yuan ($522 billion) and create 1.2 trillion yuan worth of output for relatedindustries.

Information consumption based on Internet-related products and services is expected to growfaster than the sector as a whole, with annual expansion of 30 percent. The sector will reach ascale of 2.4 trillion yuan two years from now.

The e-commerce market will maintain its rapid development momentum. By 2015, e-commercetransactions are forecast to total 18 trillion yuan, with online retail transactions reaching 3trillion yuan.

First-half revenue for the e-commerce sector grew 45.3 percent year-on-year to 4.98 trillionyuan, the Xinhua News Agency reported on Wednesday. During the period, consumption ofinformation products and services jumped 20.7 percent to 2.07 trillion yuan.

Industry and Information Technology Vice-Minister Shang Bing said that informationconsumption is reinvigorating the economy and boosting domestic demand.

However, the country still needs to improve its broadband facilities and services and step upInternet innovation, Shang said.

The State Council's guidance calls for a significant improvement in the country's informationinfrastructure from 2013 to 2015. It mandates the implementation of the "Broadband China"strategy.

Under that strategy, urban household broadband speeds should reach 20 Mbps overall by2015, with some getting faster service of 100 Mbps and rural households having a speed of 4Mbps.

The government will speed up work to issue licenses for the fourth-generation mobile networkthis year and promote the convergence of the telecommunication, Internet and broadcastingnetworks into one complete system.

China, which has the largest number of mobile phones in the world at 1.2 billion, is alreadybuilding 4G trial networks in major cities.

China Mobile Ltd, the country's largest telecom carrier, is promoting the domestic Time-DivisionLong-Term Evolution 4G standard and hopes to start a commercial rollout of 4G service assoon as possible.

The guidance clearly expresses support for the TD-LTE standard and aims to push forward thedeployment of TD-LTE networks.

The government also hopes to enhance the supply capability for information products,including various smart devices such as phones and TVs.

The country's first-half output of smartphones surged 120 percent to 214 million units,consolidating its position as the world's biggest smartphone market and manufacturing base.

The document also calls for the commercial operation of cloud-computing services and theindustrialization of the Internet of things and the Beidou Navigation Satellite system. Further, itsuggests improvements in the public service information system.

As growth in traditional industries slows, the nation is seeking new growth engines in emergingindustrial sectors.

Zhu Hongren, the Ministry of Industry and Information Technology's chief engineer andspokesman, said last month that the ministry hopes to make the IT sector the nation's third-largest, after real estate and vehicles.

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Comment by ZHOU Hui on August 31, 2013 at 12:12am

It's definitely right that there is still a long way for all information available. But I think the growth of economic will affect the development of politics. So long as they devote to develop e-commerce, the environment of internet will be more and more free and transparent.

Comment by Mary Murphy on August 21, 2013 at 3:37pm

Is it enough just to promote the consumption of information? Is there also a responsibility to make sure that ALL information is available?

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