City to Release Policies to Boost IT Industry

City to Release Policies to Boost IT IndustryNo efforts are being spared in the support of the development of the city’s software industry, cultural industry, cloud industry and information service industry. The city has been implementing policies that boost innovation in the IT industry as well in strengthening their push for the development of cloud computing technology.

This year the Shenzhen’s IT industry is targeting output of at least 1.2 trillion yuan based on a  report that was released by the city IT industry during a IT Summit held and attended by representatives From China’s leading IT companies. The city also plans to reach a target output of 270 billion yuan in the software industry this year.

The development of the city’s IT industry focuses on vehicle electronic products, consumer electronic products and telecommunications products with the IT industry the source of more than thirty prototypes for products such as ATMs. Last year the IT industry was able to exceed 1 trillion yuan, 1/7 of the country’s total output. Last year also showed exports of IT product had gains of  more than US$ 100 billion, which will exceed 20 trillion yuan by 2020.

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