Since 2018，China’s information technology industry has taken up the principal line of supply-side structural reforms. The overall scale of industry has expanded steadily，the investment of key fields has accelerated significantly，and the capacity for technology innovation has been continuously improved. Looking into the future，China’s information technology industry will continue to face three opportunities：rapid and intensive technological innovation opportunities，new internal and external market opportunities，and information technology application integration opportunities. However，there are also external challenges of increasing international economic uncertainties and internal worries of insufficient industrial kinetic energy. In order to solve the problem of industrial development and effectively promote the high-quality development of the industry，we should focus on core technology innovation，accelerate the construction of industrial ecology，promote the capacity，strengthen the cultivation of talents，aim at compliance development，and devote to building the information technology industry into a vanguard of the national strategic layout，the main force of economic development，and the leader of technological innovation.