2006-02-14

New Growth Mode and High Expectation for Information Industry Output to Enhance Core Competitiveness

The output of China's information industry jumped 24.3 percent year on year to 3.3 trillion yuan (412.5 billion U.S. dollars) in 2005, the China Securities Journal reported. In 2006, China's information industry output is expected to hit 4 trillion yuan, up 21 percent and ranking the second in the world after the United States , the newspaper quoted what Vice Minister of Information Industry Lou Qinjian said.

Xing Xiaojiang, an official with the National Development and Reform Commission, said the sales volume of information industry grew 24 percent in 2005. He also suggested China's information industry alter the traditional growth mode that has been heavily hinged on size expansion and focus increasingly more on independent innovation, so as to enhance core competitiveness.

 

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