Internet technology boost china in next 10 years :: essays research papers

INTERNET TECHNOLOGY DEVELOPMENT BOOST CHINA FURTHERA perspective look at the countrys transition in next decade relative to internet technologyBo Li, School of Technology & ManagementSubmit to Mr. Paul Reynolds ingressSince 1980 chinas economy has grown by more than 9 percent a year. The country at present manufactures 75 percent of the worlds toys, 58 percent of the cloths, and 29 percent of the mobile phones. More than $1 billion in foreign direct investment arrives each week. By 2008 china entrust be the worlds third largest exporter, and by the decades end its economy will be larger than that of either France or United Kingdom (Emmanuel, et al., 2004). Chinas GDP in 2004 growth by 9.5 percent to G851,072 million and IT(information technology)s contributions account for 25 percent. It is predicted that the IT market will growth by 15.8 percent every year to 2009.Economists are curious to know how long will Chinas strong economy be. When the gain of low labor costs in China w ill subside in the future, what will support its fast growing economy? According to China Internet Network Information Center (CNNIC)s 2005 report, 94 million internet user and half of them are using broadband connection. China now has 4 internet-based companies listed in NASDAQ. As they reported profit since the SMS business introduced in 2002, many economists think there will be an internet technology boom out in China again. IT industries in developed countries now are facing both challenge and opportunity since many mergers and acquisition happened in west countries from Chinese maker. That what will happen in China on internet technology in the next 10 years will affect every world(prenominal) business around the world.This study begins with the analysis of upcoming internet technologyXexamining the effect of future internet technology and Chinas policy Xand because move on the analysis of the impact of internet technology on Chinas industries in next decade as well as its f uture contribution to the countrys stellar growth.Internet Era Just BeginInternet will change more dramatically in the next decade than it has during its entire history. We have just seen the beginning of what the Internet can do for use as a revolution in communications and the way business is done (Gates, 2000). Internet application had moved from transaction phase to platform phase at the beginning of this decade. There are nearly trends will be prevailed. Wireless connection on multi-deviceWireless connection between different devices at high speed is probably the key section that is really going to take the scenarios of empowerment that we have always believed in and make them a reality.