Sunday, February 19, 2006

China's market for IT

The China Center of Information Industry Development(CCID) reported the market for information technology services in China is expected to grow 20.6 pct annually for the next five years. Last year, China's IT service market volume hit 82.27 bln yuan, up 20.1 pct year-on-year, the Times quoted a CCID report as saying.

The sector is booming partly due to rising computer sales and Internet usage. In 2005 about 19.9 mln personal computers were sold in the Chinese market, with sales volume totaling 121.09 bln yuan, up 18.8 pct and 8.7 pct year-on-year, according to CCID figures. The number of Internet users has also risen to more than 110 mln in the past year.

(1 usd = 8.05 yuan)

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