China's IT investment to reach 40 billion yuan this year

Home>>Business

Last updated at: (Beijing Time) Wednesday, March 31, 2004

China's IT investment to reach 40 billion yuan this year

Sources say that in 2004 Chinese government is to invest 40 billion yuan in information industry, in which 27.92 billion in hardware market, 7 billion in

DISCUSSION

CHINESE

SEND TO FRIEND

Sources say that in 2004 Chinese government is to invest 40 billion yuan in information industry, in which 27.92 billion in hardware market, 7 billion in software market and 508 million in IT service market.

Qu Xiaodong with IT circle introduced that the growth rate of China's expenditure in IT will be 15 percent and there will be a peak in the second half of 2006 to 25 percent followed by a continuous growth to 2009.

In 2008 the aggregate of expenditure in IT will be 588.8 billion yuan which means that China will spend two trillion yuan on IT during the upcoming five years, 1.3 times as much as that over the past 23 years. Industrial market will remain the main driving force of China's expenditure in information industry.

By People's Daily Online

Questions?Comments? Click here

Training program launched for NE China IT managers

Semiconductor industry to get boost

Fostering fair competition in telecom sector

Israel's killing of Yassin fuels conflict: Commentary ( 2 Messages)

How the US could improve its image abroad ( 14 Messages)

US urged not to fingerprint Chinese ( 10 Messages)

China hunts corrupt officials who abscond overseas ( 3 Messages)

Seven Chinese activists land on Diaoyu Islands ( 4 Messages)