Thursday, December 27, 2007

Chinesepod - IT industry: Expenditure likely to grow

BIZCHINA / Biz Media Digest

IT industry: Expenditure likely to grow
(China Daily)
Updated: 2006-09-15 14:00

China's small and medium-sized enterprises (SMEs) are likely to spend
hundreds of billions of yuan on IT products in the next two years,
according to a report released by a research company.

IT expenditure by the companies is expected to grow 16.5 per cent this
year from last year, to 142.77 billion yuan (US$17.85 billion). The
expenditure will likely rise to 186.92 billion yuan (US$23.4 billion) in
2008, said the report released by the China Centre for Information
Industry Development Consulting.

Spending on computer hardware accounted for 67.6 per cent of last year's
IT expenditure by SMEs but its rate of growth is lower than that of the
IT market as a whole. Expenditure on IT services grew by 20 per cent last
year, said the report.

(For more biz stories, please visit Industry Updates)

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