INTERNET TECHNOLOGY DEVELOPMENT BOOST CHINA FURTHER
A perspective look at the country¡¦s transition in next decade relative to internet technology
Bo Li, School of Technology & Management
Submit to: Mr. Paul Reynolds
INTRODUCTION
Since 1980 China¡¦s economy has grown by more than 9 percent a year. The country now manufactures 75 percent of the world¡¦s toys, 58 percent of the cloths, and 29 percent of the mobile phones. More than $1 billion in foreign direct investment arrives each week. By 2008 China will be the world¡¦s third largest exporter, and by the decade¡¦s end its economy will be larger than that of either France or United Kingdom (Emmanuel, et al., 2004). China¡¦s GDP in 2004 growth by 9.5 percent to ¢G851,072 million and IT(information technology)¡¦s contributions account for 25 percent. It is predicted that the IT market will growth by 15.8 percent every year to 2009.
Economists are curious to know how long will China¡¦s strong economy be. When the advantage of low labor costs in China will subside in the future, what will support its fast growing economy? According to China Internet Network Information Center (CNNIC)¡¦s 2005 report, 94 million internet user and half of them are using broadband connection. China now has 4 internet-based companies listed in NASDAQ. As they reported profit since the SMS business introduced in 2002, many economists think there will be an internet technology boom in China again. IT industries in developed countries now are facing both challenge and opportunity since many mergers and acquisition happened in west countries from Chinese maker. That what will happen in China on internet technology in the next 10 years will affect every international business around the world.
This study begi ...