In­for­ma­tion tech­nol­ogy con­sump­tion rises: Min­istry

China Daily (Canada) - - BUSINESS -

Con­sump­tion of in­for­ma­tion tech­nol­ogy in China ex­ceeded 690 bil­lion yuan ($110 bil­lion) dur­ing the first quar­ter, spurred by strong growth in on­line shop­ping and broad­band mar­kets, theMin­istry of In­dus­try and In­for­ma­tion Tech­nol­ogy said re­cently. Turnover in on­line re­tail hit 557.2 bil­lion yuan, a surge of 46 per­cent year-on-year. The sum ac­counted 9 per­cent of the na­tion’s to­tal re­tail sales, the min­istry said. smart­phones and wear­able de­vices. “The cur­rent mar­ket struc­ture is about to change dra­mat­i­cally be­cause of the en­larg­ing mid­dle-class pop­u­la­tion and weaker phone sub­si­dies from car­ri­ers,” said Jo­han Lo­de­nius, chief mar­ket­ing of­fi­cer ofMe­di­aTek. Look­ing ahead, the com­pany will fo­cus on more af­ford­able de­vices, Lo­de­nius said.

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