Value of information sector hits record high

Industry could be worth $434 billion in 2014, a 27% expansion from 2013

China's information sector was worth a record high this year, and will continue to play an increasingly important role in the country's overall economy over the coming 12 months.

Sun Wei, deputy head of the high-tech industry department at the National Development and Reform Commission, told a conference hosted by the think tank, China Center for International Economic Exchanges, that the consumption of information - including sales of electronic terminal devices and information services - could be worth as much as 2.8 trillion yuan ($434 billion) in 2014, which would represent a rise of 27 percent from last year's 2.2 trillion yuan.