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China's IT Market: More Room to Grow

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Jacob
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Re: Chinese IT sector
Jacob   11/9/2012 4:43:25 AM
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Jennifer for India the massive local market has a great advantage in terms of cunsumerization. But in China itís very difficult for MNC to find out a local market to sell their products. Chinese government is keen to promote domestic products in local markets. Majority of products from Chinese MNCís are exporting to other countries.

Jacob
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Re: China's IT market
Jacob   11/9/2012 4:19:29 AM
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Barbara, in IT industry there are lots of room for growth in China. But I don't know whether MNC companies will prefer China because now a day's China is not attractive like those olden days. Wages are gone up and recent attacks against Japanese companies, human rights activities etc are some of the black marks.

Jacob
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English speaking
Jacob   11/9/2012 4:15:46 AM
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Prabhakar, exactly. I read from a leading business magazine that some discussion had happened in similar direction, at recently held NASCOM workshop. Due to lack of English speaking/knowledgeable person they are lagging in IT & software industry.

prabhakar_deosthali
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prabhakar_deosthali   11/8/2012 11:50:49 PM
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With increasing awareness about the importance of learning English language among the Chinese, especially after the Beijing Olympics, the day is not far when China starts eating the Software Pie and take it away from India.

So beware Indian IT software companies ! your neighbor is going to take over your business

Bolaji Ojo
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Re: growth opportunity
Bolaji Ojo   11/7/2012 5:21:19 PM
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What? Were we expecting Western companies to continue to dominate global commerce forever? This was bound to happen. We have to share the cake now.

Jennifer Baljko
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Re: growth opportunity
Jennifer Baljko   11/7/2012 4:13:41 PM
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Flying_Scot... right, maybe initially it will serve the local market... but just look at how quickly a company like Lenovo -- a Chinese PC maker -- has skyrocketed ahead of its rivals after buying IBM's computer dividson and has developed a worldwide brand that is well-liked. Might just be a matter of time before we see more big name IT companies coming out of there.

Barbara Jorgensen
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China's IT market
Barbara Jorgensen   11/7/2012 4:13:16 PM
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Based on those numbers it sounds like China has a lot of room to grow. Something competing countries should look out for: China will no doubt adopt the latest technologies while the West is waiting for the money to upgrade its systems. It could lead to another competitive advantage for China.

Jennifer Baljko
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Re: ITES/BPO business in China
Jennifer Baljko   11/7/2012 4:10:35 PM
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Jacob - I'm not sure about the English levels in China... haven't looked into any recent data outling improvement in that area. But you raise an interesting point and I wouldn't be surprised if China does encourage more English language development to effectively compete on a broader interantional basis.

Jennifer Baljko
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Re: Chinese IT sector
Jennifer Baljko   11/7/2012 4:08:38 PM
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Jacob - As a rule, I assume in a global economy, all countries are now competing with each other for more MNC investment. What both India and China have going for them, though, is that they each have massive domestic markets to serve and and plenty of local companies to support, oo.

 

FLYINGSCOT
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growth opportunity
FLYINGSCOT   11/7/2012 2:47:16 PM
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Amazing to think China's IT spendng is only a few percentage points of the USA or Japan.  This represents a huge opportunity for suppliers but I fear much of that will only be for Chinese companies.

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