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Information consumption to boost economy

By Gao Yuan | chinadaily.com.cn | Updated: 2013-07-15 14:25

Information-related consumption could hit 3.2 trillion yuan ($521 billion) by 2015.

China generated 1.7 trillion yuan in the sector last year, according to the Xinhua News Agency.

The government expects the sector to record at least 20 percent year-on-year growth over the next three years, making China one of the world's top consumers in information-related products including e-commerce, cloud computing and fourth-generation telecom services.

China, according to a McKinsey report, has become the world's second-largest e-commerce market after the United States.

The sector generated $210 billion in revenue in 2012.

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