It is significant for China‟s economy and society to develop information industry. However, there is little research on the entire status quo and trend of policies for China‟s information industry. With contextual analysis, the authors explored the effect hierarchy, targets, instruments, development trends and emphasis of policies for information industry released by China‟s central government. It is found that policy strength of China‟s information industry is decreased; policies prefer to industry regulation, rather than adjustment and guidance, and prefer to realizing quick commercial interests, rather than developing a sustainable and prosperous industry. This may lead to detrimental effects on policies for China‟s information industry. Yet the adjustment on the key sub-industries of policies in the recent years may conduce to the industry upgrading and long-term development.