China’s Rise to IT Technological Preeminence
According to the 12-year cycle of the Chinese zodiac, those born in the year of the Dragon are blessed with power and good fortune. 2012 was certainly an auspicious year for the country’s technology industry, as China’s rise to become the planet’s preëminent technology producer and consumer continued apace.
The past 12 months saw China reach and surpass milestones across the technology firmament. For example, by most reckonings, it has already overtaken the United States as the world’s biggest smartphone market. China also passed the magic figure of one billion mobile subscribers early in the year. The country now has over 500 million Internet users, according to the government-affiliated China Internet Network Information Center.
So what can we expect from China and its growing rank of world-class technology companies in 2013, as it enters the year of the Snake?
Needless to say, the Chinese government is keen to keep pushing growth forward, and it has a plan to increase the country’s online population to 800 million by 2015, and to expand Web sales to reach to 18 trillion yuan ($2.9 trillion) by 2015—taking the top spot in global e-commerce.
Gartner is predicting enterprise IT spending alone in China will grow from $117.8 billion in 2013 to $172.4 billion by 2016, representing a compound annual growth rate of 8 percent, compared to a global growth rate of just 3 percent over the same period. As elsewhere in the world, cloud, mobile, and hardware and software virtualization will be the main spurs to growth…
– MIT Technology Review
http://www.technologyreview.com/news/509426/chinas-computing-giants-eye-overseas-growth-in-2013/