The amount spent by China's IT industry is estimated to grow 11% to $51.2 billion this year, a Springboard Research report predicted. "The government's ¥4 trillion stimulus package covers the education and telecoms sectors, which will in turn be good news for the IT industry," Springboard Greater China president Bryan Wang said. "IT related budgets for the 3G business constitutes a large proportion of the recovery plan." The report also said the nation's software outsourcing sector has been hit hard by the global recession but will rebound in the second quarter, fuelling the IT industry's outlay to grow 71% within 5 years.

$1 = ¥6.8, ¥1 = $0.15


You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
@2017 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate