Report: China IT spending remains strong
Boosted by government initiatives and green spending, China's IT market in 2009 will only be minimally affected by the global economic slowdown, according to a new report from Springboard Research.
IT spending in the country will reach $51.2 billion in 2009, a year-on-year growth of 11 percent, the research firm said in a statement Friday. This is only 2 percent shy of Springboard's previous estimate of 13.1 percent growth, or $52.1 billion.
China's IT market growth, noted Springboard, has largely been protected by the financial crisis as its export industry, the country's worst … Read more