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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."
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Publication:Computergram International
Geographic Code:9CHIN
Date:Aug 16, 1999
Words:98
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