China&#39;s IT industry witnessed rapid strides in 2004 :
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Beijing, Dec 6 : China&#39;s IT industry is expected to see a sales revenue of 322.3 billion US dollars in 2004, up 42.3 per cent year-on-year, becoming the country&#39;s leading driver for economic growth, a report said today.
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The Motley Fool - Information technology spending is growing significantly -- that is, in other countries such as China and India. According to an IDC study, China's IT growth is expected to be 15% annually and India's about 20%.
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The Software &amp; Information Industry Association (SIIA) released a report on Thursday that painted a rosy picture of the sector&#39;s fortunes, one that stands in stark contrast to widespread fears of a recession in the U.S.&quot;One of the things we could not have anticipated was that we&#39;d be releasing this report at a time when the stock market had swooned and lawmakers were focused on an economic stimulus package,&quot; said Kenneth Wasch, president of SIIA. &quot;But it is important as policymakers consider what to do about our economic situation to recognize the role this industry plays in growing the U.S. economy.&quot;However, the SIIA acknowledged that a recession would undoubtedly have some effect on its membership.The 48-page report cites statistics culled from various government and private sources, including the U.S. Census and the Department of Labor.The SIIA&#39;s findings include:*&#160;More than 2.7 million Americans were employed in software and information-related companies in 2006, and net employment growth for those sectors was 17 percent between 1997 and 2006.*&#160;Those same workers earn among the top wages in the nation, taking home an average of $75,400 in 2006 compared to the overall average for private-sector employees of $42,400.*&#160;In comparison, other major but related industries saw their job numbers drop. Computer and electronics manufacturing fell by 27 percent, and telecommunications lost 8 percent during the same period.*&#160;The software and information industry&#39;s growth rate tripled that of the overall U.S. economy in 2005, rising 10.8 percent, compared to the 3.2 percent uptick in the U.S. gross domestic product.*&#160;The number of jobs for software engineers alone will grow to 1.2 million by 2016.Policymakers must pursue legislation that recognizes the contribution of the tech industry to the economy and ensures it remains strong in the future, Wasch and other SIIA officials said in a conference call on Thursday. Key to this, they said, is producing enough skilled workers through improving the higher education system and reforming immigration policies.&quot;We have to recognize we are competing as a country for the best-skilled talent,&quot; said David LeDuc, SIIA&#39;s director of public policy. &quot;We shouldn&#39;t be turning away some of the best and brightest workers in the world when in many cases they&#39;re being educated right here.&quot;The group also called for relaxed trade restrictions, increased penetration of broadband Internet and computer access, and tougher laws protecting intellectual property. &quot;It&#39;s simply unacceptable that we have the rates of piracy as we do around the world,&quot; LeDuc said.Even as the SIIA calls for the government to ease immigration law, Senator Chuck Grassley, an Iowa Republican, and others have attacked the H1-B temporary visa program, which allows companies to hire foreign workers with specialized skills. Critics contend, among other things, that companies are using H1-B visas to import cheaper labor, passing over U.S. employees and depressing wages.&quot;There&#39;s no question there&#39;s been some abuse. I&#39;m not going to sit here and argue that there&#39;s been no abuse of this,&quot; LeDuc said.
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China&#39;s booming real estate, information technology and food processing industries are the Communist nation&#39;s top three profit-making sectors, contributing much to the annual Forbes list of China&#39;s richest 200 people.
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A recent UBS survey of chief information officers found corporate spending on industry standard servers would grow 17 per cent over 2004, compared with estimates for overall 2005 IT spending growth of about 5 per cent.
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The number of mobile phone subscribers in China topped 334 million in 2004, up 65 million from 2003, according to the Ministry of Information Industry.
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China might have been a learner and follower in the development of the first generation internet, but now they have progressed to the cutting edge internet technology.
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EMC&#39;s Asian operations are back on track after sluggish growth during early 2006, and the company aims to take Asian market share away from rivals and push into new market segments.&quot;We went from worst to first,&quot; said Steve Leonard, president of Asia-Pacific and Japan, explaining that Asia went from being EMC&#39;s slowest-growing region in 2006 to its fastest in 2007.EMC&#39;s Asia-Pacific revenue grew 24 percent during 2007, hitting $1.46 billion. By comparison, revenue from Asia grew by just 6 percent during 2006, which was lower than previous years and far slower than EMC&#39;s growth in other regions during that period.Gartner and IDC pegged Asian storage revenue growth at around 23 percent during the third quarter, the most recent period for which figures are available.&quot;We see EMC very well placed as a storage vendor in Asia,&quot; said Avneesh Saxena, group vice president of systems, storage, and software research at IDC Asia-Pacific, citing EMC&#39;s improved channel relationships and &quot;software-driven approach&quot; to developing storage products. &quot;They aren&#39;t just selling boxes,&quot; he said.Even so, taking storage market share away from rivals won&#39;t necessarily be easy for EMC, Saxena said, noting IBM and Hewlett-Packard are firmly entrenched in key Asian markets.EMC&#39;s turnaround&#160;is largely a credit to Leonard, who was hired in 2006 and given the job of transforming its Asian operations.Getting the company back on track in Asia involved a variety of steps, including shaking up the company&#39;s sales teams and building stronger ties with channel partners. EMC also embarked on an aggressive expansion in India and China to spur growth in these markets and tap into the vast pools of engineering talent there.&quot;We effectively had zero software-engineering capabilities resident in China during the summer of 2006. I was just up in Beijing and we are going to hire our 1,000th engineer this quarter,&quot; Leonard said.Looking ahead, EMC is counting on new products that tap user demand for information storage, content-management capabilities, and security to spur further revenue growth in Asia. In a break with EMC&#39;s traditional sales focus on large corporations and organizations, the company also plans to expand into new markets, offering storage products and services for small business and even consumers.At the top end of the market, EMC hopes to generate more sales with a line of flash memory-based drives, announced last month, designed to replace some disk drives in the company&#39;s Symmetrix storage arrays.&quot;EMC is in a very high innovation cycle right now. It&#39;s been bringing more things out to the market than at any moment in its history,&quot; Leonard said.While the woes of early 2006 are now history for EMC, the company still faces challenges in Asia. In particular, Japan remains a difficult market.EMC is working to improve its Japanese operations, but it will take time for these efforts to yield the desired results, Leonard said, calling the company&#39;s transformation there a &quot;work in progress.&quot;&quot;We&#39;ve had dozens and dozens of meetings with executives from leading Japanese companies, essentially to say, &#39;We&#39;re committed to being a better local company, we&#39;re asking for your support,&quot; he said.As part of these efforts, EMC turned to sport to help raise its profile in Japan. The Massachusetts-based company is sponsoring the Boston Red Sox baseball team&#39;s upcoming March visit to Japan and will use the occasion to woo prospective customers and partners. Baseball is very popular in Japan and Red Sox pitcher Daisuke Matsuzaka is a celebrity in his home country, where he played professionally for several years.&#160;
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China's economy grew by a blistering 11.2 percent in the fourth quarter, propelling annual growth to its fastest rate in 13 years, the government said Thursday, showing that China remains vibrant despite worries that a possible U.S. recession will drag on global growth.
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Chinaâs auto parts exports have increased more than sixfold in the last five years, signaling a shift from basic goods to higher-value industrial goods.
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International Business Machines Corp.  is reaping the rewards of a decade-long push into China's  business computer market and is eyeing upward of a 50 percent  share, China General Manager Henry Chow said.
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Infotech spending by small and medium businesses (1-999 employees) is on  track to reach a whopping US$95 billion this year across the  Asia-Pacific region outside of Japan, with three key countries--China,  South Korea and Australia--leading the pack.
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Notable developments in the IT industry, present and past.
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China recorded more than 320 million subscribers to mobile phone services as of the end of October this year, equivalent to a penetration rate of 24.8 users per 100 persons, according to statistics released by Chinaâs Ministry of Information Industry.
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This global IT services provider is seeing more growth as its sector makes a comeback.
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Cisco Systems, the world&#39;s largest maker of equipment for directing Internet traffic says China is well on the way to becoming the world&#39;s technology hub.
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From the 1950&#39;s until the present, one of the dominant companies in the world&#39;s computer industry. Offers a variety of data processing hardware systems, system and application software, and information technology services.