Stimulus to boost IT spending
By Zhu Shenshen |
January 30, 2010, Saturday
|
Print Edition
Print Edition
ECONOMIC stimulus policies will drive information technology spending in China to US$38.9 billion from 2009 to 2013, offering a significant opportunity for IT providers, especially in the telecommunication and hardware sectors, Gartner Inc said yesterday.
Stimulus-driven IT spending in China will reach its highest level this year, according to the United States-based IT research firm, which didn't provide details and comparative figures.
"The Chinese government is seeking to counter the decline in its export trade by boosting domestic demand, and it appears it is succeeding," said Oliver Xu, principal research analyst at Gartner.
The Chinese government has taken stimulus policies to boost the economy, including a 4 trillion yuan (US$586 billion) package and other smaller subsidy programs and tax reductions for consumers.
"We predict that stimulus-driven IT spending will reach its highest level in 2010, primarily because most stimulus policy measures and plans were finalized and executed in mid-2009," Xu added.
Gartner's view was echoed by Xing Bo, vice president of Neusoft Corp, a software and IT service provider based in Shenyang, capital of northeast China's Liaoning Province.
"It has big opportunities in 2010, and we will expand, including hiring more than 10,000 people in the period (through 2013)," Xing said.
Gartner expects stimulus policies will drive IT spending in telecom to US$4.5 billion in 2010. For the period from 2009 to 2013, IT spending in telecom will surpass US$14.2 billion in China.
Other areas of IT spending will be in transport services and equipment, health care and construction sectors.
Stimulus-driven IT spending in China will reach its highest level this year, according to the United States-based IT research firm, which didn't provide details and comparative figures.
"The Chinese government is seeking to counter the decline in its export trade by boosting domestic demand, and it appears it is succeeding," said Oliver Xu, principal research analyst at Gartner.
The Chinese government has taken stimulus policies to boost the economy, including a 4 trillion yuan (US$586 billion) package and other smaller subsidy programs and tax reductions for consumers.
"We predict that stimulus-driven IT spending will reach its highest level in 2010, primarily because most stimulus policy measures and plans were finalized and executed in mid-2009," Xu added.
Gartner's view was echoed by Xing Bo, vice president of Neusoft Corp, a software and IT service provider based in Shenyang, capital of northeast China's Liaoning Province.
"It has big opportunities in 2010, and we will expand, including hiring more than 10,000 people in the period (through 2013)," Xing said.
Gartner expects stimulus policies will drive IT spending in telecom to US$4.5 billion in 2010. For the period from 2009 to 2013, IT spending in telecom will surpass US$14.2 billion in China.
Other areas of IT spending will be in transport services and equipment, health care and construction sectors.
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