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Information Services Lead the Rapid Economic Development of Beijing

      The integration of information technology and service industry is constantly enhancing the status of service industry in the economy, while in Beijing, the three major sectors including information transmission, software and information technology services sector, tourism sector and transportation sector have accounted for 72.1% of the total import and export volume of trade in services. As one of the important parts of the 2017 Beijing International Fair for Trade in Services, the Summit on Intelligence Services 2017 and the Fifth Session of the Matchmaking of International Enterprises on Software and Information Services was held on May 30th with the theme of “better business and more information circulation ".

Ni Yuegang, Deputy Director-General of the Commission of Commerce of Beijing Municipality said that the trade in services in Beijing has rapidly developed in recent years. The data in 2016 shown that the proportion of the added value of the service industry of Beijing accounted for 80.3% of the local GDP, the rate of contribution of the service industry to the economic growth reached 90%, the volume of import and export of the services amounted to more than USD$150 billion, accounting for 18.8% of the whole country, which continues to maintain the leading position in the country.

Haidian District which has an important influence in the field of information technology in Beijing, shows the positive changes in regional economy brought by the information and digital technologies. Chen Shuang, Deputy Head of the Haidian District of Beijing Municipality introduced at the meeting that the rate of contribution of the information, scientific research and finance to the economic growth reached nearly 80% in 2016 and 30% of the total amount of more than RMB500 billion Yuan of GDP in Haidian District were provided by the information service industry. The internet and software industry is very outstanding in the economy of Haidian District. The revenue of the information transmission, software and service industry reached nearly RMB500 billion Yuan, accounting for 65% of the total amount in Beijing Municipality. There are more than 1,800 enterprises which are over the designated scale, three enterprises each with the valuation of over RMB10 billion Yuan, 44 enterprises each with the valuation of over RMB1 billion Yuan and 368 enterprises each with the valuation of over RMB100 million Yuan, accounting for nearly 70% of the software and information service industry of the whole municipality. At present, 34 Unicorn enterprises in Haidian District with the total valuation of nearly USD$150 billion, mainly in the digital economy related areas.

Chen Shuang also said that to promote the big data, cloud computing and smart city construction to connect to the 21st Century digital silk road is not only a new opportunity for the development of software and information service industry, but also giving higher mission and rich connotation to the service outsourcing cluster with the information technology outsourcing as the main features.

In this regard, Zhong Mingbo, Chairman of the Association of Service Outsourcing Enterprises, believes that the rapid development of information technology has greatly changed the human life and business activities. In China, the driving force for the development of the information service industry has shifted from the governments, banks and telecom operators in the past to a new generation of young consumers as well as the enterprises which provide services to these consumers. At present, the information technology service has also changed from simple technical service to high integration of information technology and business process. At the same time, the traditional business model of demand raised by the users and services provided by the information technology service enterprises is also changing, which is changing into the discussion together with the two sides and creating values. It also means that the trend of integration of information technology services and business models in a more intelligent way is gradually taking shape.