Chinese IT Industry Grows 18% in First Half.
China's IT industry grew by 17.7% year-on-year in the first
half of 1999 to record sales of $9.79bn, according to figures from the
Ministry of Information Industry. Hardware accounted for the bulk of
sales at $7.73bn with information services bringing in $1.3bn and
software $749m. A ministry statement said there are around 15,000
companies engaged in computer-related business in the country, most of
them small and medium-sized enterprises. It forecast total sales next
year will reach $24bn and that the computer industry "will enter a
period of strong growth by the year 2001."