IT: Fixed IT asset investment up 40.9%
(Shanghai Daily)
Updated: 2006-05-11 14:04
The fixed asset investment in the Chinese mainland information technology
sector jumped 40.9 percent year on year in the first quarter, the highest growth
rate since one year ago, the Ministry of Information Industry said yesterday on
its Website.
In the first three months, fixed IT investment reached 32.01 billion yuan
(US$3.97 billion), 40.9 percent growth, compared with a growth rate of 21.7
percent in 2005, according to MII.
"The whole industry's potential demand surged this year," said MII. "The
fastest growth sectors included telecommunications and radar equipment,
computers and electronic components and each of them grew more than 50 percent
year on year."
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