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China
has just win the 2008 Olympic Games for Beijing
and just recently joint the WTO (World Trade Organization).
In the first event China will invest more than 20
Billion US$ for the preparations. With these two
matters, China continues to expend and develop its
economic and business environment in the coming
years.
As for the high-tech arena - according to the new
five-year plan, China will exert greater efforts
to develop broadband information networks across
the country and the IT products manufacturing industry,
in a bid to accelerate the development of the national
economy as a whole.
In the next five years, China’s information
technology (IT) industries will double its size
to make the country a top telecom market and leading
IT product maker worldwide.
The IT industry in China will maintain a 20-26%
yearly growth rate through the coming 5 years. Thus
China will become the world leader in both the fixed-line
and mobile telecom fields by the end of the period.
Telephone coverage will reach 40% with total telecom
subscribers surpassing 500 million by the year 2005.
By that year there will be 40 million computers
connected to the Internet. The number of Internet
users will increase from 22.5 million at the end
of 2000 to 200 million by 2005.
The revenues from telecom & postal field will
reach 1,000 billion Yuan (US$121 billion by 2005.
Exports of electronic information products will
reach US$ 100 billion by 2005. Revenues from the
electronic information product-manufacturing sector
will reach 1,500 billion Yuan (US$181 billion) with
income in the software field reaching 250 billion
Yuan ((US$30.19 billion).
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