BEIJING: The economic output of China’s information industry reached 16.2 trillion yuan (2.5 trillion U.S. dollars) in 2014, accounting for 26 percent of the country’s Gross Domestic Product (GDP), an official report showed.
Back in 2002, the economic output of the information industry only occupied 10.3 percent of GDP, according to the 2015 China Information Economy Research Report issued by the China Academy of Telecommunication Research under the Ministry of Industry and Information.
The information industry contributed 58.4 percent of China’s GDP growth in 2014, higher than that in the United States, Japan and the United Kingdom, according to the report.
The information industry, including mobile Internet, cloud computing and the Internet of things, will bring enormous changes to technological development, production and business models, thus bringing opportunities for the upgrading of traditional industries, it said.
