信息經濟 (xìnxī jīngjì): Information economy

The general offices of the Communist Party of China Central Committee and the State Council, China's Cabinet, jointly issued a document recently to promote the healthy and orderly development of the mobile internet and enhance the vitality of the information economy.

The information economy refers to a new type of economy based on modern information technology and dominated by the information industry.

The development of the information economy will promote the development of the agricultural economy, industrial economy and service economy through informatization.

According to the document, the government should accelerate making policies for the development of the information economy. The development of the mobile internet should be incorporated into the deployment of national information economy demonstration areas and the pilot programs for mobile internet advanced technologies. Innovation should be encouraged and entrepreneurship and innovation based on mobile internet technology should be supported in order to facilitate economic transformation and upgrading.

The central government's Internet Plus action plan and the national big data strategy should be implemented and deep integration between the mobile internet and agriculture, industry and the service sector should be promoted, in order to promote optimization of the distribution of resources and improve total factor productivity.

Innovation of the development model of the information economy should be encouraged and the supply of safe and quality mobile internet products, services and content should be enhanced. New sharing economy businesses based on the mobile internet and online payment should be cultivated and regulated, in order to promote the rapid growth of information consumption and guarantee the healthy and active development of information consumption market.