Mobile innovations key to China's economic transformation

In a government work report published early this month, Chinese Premier Li Keqiang vowed to promote the spread of mobile technology in industry and society while strengthening the convergence of IT and emerging industries.

Independent experts have viewed this as part of a strategy designed to help accelerate the transformation of the "new normal" in a slowing Chinese economy. Li's message also presents new business opportunities for high-tech industries.

Findings from a new report by the Boston Consulting Group has provided similar insights. It found that mobile technologies account for 3.7 percent of China's GDP, or $365 billion. That figure is poised to grow to 4.8 percent of its GDP by 2020.