Recently, the general offices of the Central Committee of the Communist Party of China and the State Council have jointly issued the Outline of National Informatization Development Strategy (the "Outline").
According to the Outline, by 2020, the total information consumption will amount to CNY6 trillion, and the scale of e-commerce transactions will reach CNY38 trillion; by 2025, the two figures will reach CNY12 trillion and CNY67 trillion, and a number of large cyber-tech multinationals with strong international competitiveness will emerge; in the middle of the 21st century, China will play a bigger role in leading the global information development. The Outline determines three basic strategic missions including strengthening the development capacity, promoting the wide application and optimizing the development environment, which consist of 56 specific tasks in 14 aspects. Specifically, with respect to strengthening informatization development capacity, it is required to deepen the reform on the system for public offerings and review, implement the policies on extra deduction of research and development expenses of enterprises, and to improve public service systems covering intellectual property, technical standards, commercialization of scientific achievement, testing and certification, appraisal of industrialized investment, and other aspects.