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Reuters
Reuters
Business

China's cabinet expects information technology market to reach 6 trillion yuan by 2020

BEIJING (Reuters) - China's State Council on Thursday issued a guideline for the development of the country's information technology (IT) industry.

The State Council expects China's IT industry to reach 6 trillion yuan ($901 billion) in value by 2020, based on an average annual growth rate of 11 percent.

The report includes references to nascent developments in e-commerce, robotics and artificial intelligence (AI) as well as technology for traditional industries including medicine and education.

(Reporting by Cate Cadell; Editing by Christian Schmollinger)

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