ON THE DEVELOPMENT OF CHINA'S INFORMATION TECHNOLOGY INDUSTRY

New Characteristics in the Development of the World's Electronic Information Industry and Strategy Issues Concerning the Development of China's Electronic Information Industry*

^*Originally published in the Journal of Shanghai Jiao Tong University, No. 6, 1989.

May 26, 1989

In the 1980s, the world's electronic information industry developed rapidly and with great momentum. The industry's output value in 1988 reached $587.5 billion, and its annual output value is predicted to exceed $1 trillion by the mid-1990s. This would make it one of the largest industries in the world, surpassing many traditional industries. The massive development and widespread application of electronic information technology is ushering the world into the era of a so-called ...