China sees a bright future for its Internet technologies and will keep seeking growth with them. (Photo : iStock)
In 2014, China's software industry generated a 3.7-trillion-yuan revenue with 20.2 percent year-on-year growth. The industry will become an important player in propelling the country's economy further.
The Chinese software industry has already experienced high-speed export growth. With more encouragement and new strategies, the government hopes to keep up the momentum.
According to the Internet Data Center, around 30 percent of the world's total software developers were from China in 2014.
More Chinese entrepreneurs heave been getting involved, understanding the up-to-the-minute bankability of the mobile app market. About 2.4 million apps were developed by 2014, earning a combined profit of 5 billion yuan.
Chen Wei, director-general of the department of information service at the Ministry of Industry and Information Technology, reported that software companies in Beijing alone made 200 billion yuan in sales in 2014, making up 9.1 percent of Beijing's GDP.
"Made in China 2025" is part of China's Internet Plus strategy toward innovative development between mobile Internet, e-commerce, manufacturing and business.
On March 5, 2015, Premier of the State Council Li Keqiang spoke at the National People's Congress, emphasizing these initiatives in his report. He mentioned the development of the Internet Plus action plan toward "mobile Internet combined with modern manufacturing, cloud computing, big data, networking, etc. . . to facilitate electronic commerce, industry."
To stay a key player in the global Internet boom, fiber-optic networks will be constructed in order to increase broadband speed. Li wants the local industry to expand the international market and cited that the state has set up 40 billion yuan in venture capital funds for new industries.
