China's high-tech industry surges in 2014

The value added of China's high-tech industry grew 12.3 percent year on year in 2014, driven by the country's restructuring efforts, according to a National Bureau of Statistics (NBS) report released on Thursday.

The high-tech industry last year accounted for 10.6 percent of the country's overall industrial value-added output, which rose 7 percent from 2013 to 22.8 trillion yuan (3.71 trillion U.S. dollars).

In 2014, the value added of the tertiary industry in China grew 8.1 percent year on year, 0.8 percentage points faster than the growth of the secondary industry, according to the report.

Xie Hongguang, deputy chief of the NBS, said the fast expansion of the high-tech and modern service industries shows China's economy is advancing to a "middle and high end".