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Information consumption new booster for Chinese economy
Date:2019-01-10  Source:Xinhua

The value of China's information consumption reached about 5 trillion yuan (about 730.9 billion U.S. dollars) in 2018, an increase of 11 percent, according to a report released Tuesday by the Internet Society of China.

Consumption for information services surpassed that for information products for the first time in 2018, signifying a transformation in the structure of the information consumption market, the report said.

It said information consumption was now a major booster for the Chinese economy as new business modes, technologies and industries were emerging to cater to an expanding consumer class with ever-growing consumption power.

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