The information and communication technology (ICT) industry affects other industries and economic sectors through technology diffusion and information transformation. This study uses input–output (IO) table to examine the industrial impact and competitive advantage of the ICT industry in China from 2002 until 2012. We concluded that (1) the ICT industry has partially higher industrial impact and competitive advantage over the non-ICT industry. The results of this study imply that promoting the ICT industry could help boost China’s economy, and investing offered possibilities for gaining more benefits compared to the non-ICT industry.