China's internet user base to hit 800 million by 2015

China's internet user base will reach 800 million in 2015, reports People's Daily citing China's Ministry of Industry and Information Technology (MIIT).

 As explained by MIIT minister Miao Wei, as the MIIT accelerates its 'Broadband China' project and expands broadband construction in the country, the number of internet users will continue to increase rapidly. Miao said it will continue to expand the development of mobile internet, e-commerce, cloud computing and M2M information services in China with the goal of reaching yearly e-commerce transactions of CNY 18 trillion, 2.3 million new internet sector jobs, and yearly software and information service revenue of CNY 4 trillion by 2015.

The MIIT has also set a goal of domestically producing 80 per cent of the country's LCD display panels used in television production.