Beijing (ip-192.com): China plans to jump-start key industries including the information and communications technology (ICT) sector over the next decade, the economic roadmap outlined by outgoing President Hu Jintao shows. Over the next 10 years, the annual growth rate of China's GDP and per capita income is expected to be higher than 7.2 percent, market research firm IDC says. The increasing per capita income will not only boost the expansion of traditional FMCG and retail industry, but also drive the growth of the durable consumer goods industry, including 
computers, televisions, refrigerators, washing machines, automobiles, as well as home digital content and services. The market for consumer PCs, tablet PCs, smartphones, Internet services, and digital content will keep growing in a fast and steady way over the long term.
"For the already competitive IT companies, it is better to enter the market as soon as possible. In terms of competitive capacity building, the IT companies should put great emphasis on the Third Platform, based on cloud computing, mobile technology, social networking, and big data. As for competition-and-cooperation strategy, comprehensive considerations must be given to the significant value of the eco-system of the whole ICT industry chain," said Lianfeng Wu, Associate Vice President of IDC China.
Through the seamless integration and inter-dependence of the communications sector and rapid industrialization, there is expected to be great emphasis and demand for industrial products and information technology. China is expected to see a boom in the industrial software and ICT solutions sector. Fueling the growth further could be the country's urbanization rate, which is projected to exceed 60 percent in the next 10 years, leading to the fast growth of urban IT infrastructure and services.
The increased demand for IT support for agricultural modernization will significantly boost the steady development of broadband infrastructure construction, comprehensive information service stations, grassroots-level e-governance solutions, Internet of things technology, and personal terminal devices including PC?s, tablets, and smartphones in rural areas.
The key thrusts in the report point towards the development of a smart city. Through data collection from widely deployed end-points on the Internet of things, cloud data storage, and big data mining, the smart city system will better support the innovative social administration. In February 2012, 154 Chinese cities in 28 provinces proposed the idea of building a smart city with a total investment of 1.1 trillion RMB (Renminbi, the official currency of China).
Television, movie, and anime industry will enjoy a steady development, as will energy saving technology, promotion of recycling economy, and energy-saving capacity building. All of these are the driving force for the expansion of ICT market for digital content industry. China's Great Wall, built by several dynasties over two thousand years, is a powerful symbol of the world's most populous country. Photo: Bjoern Kriewald/Public Domain.
Source: http://www.ip-192.com/2012/11/17/china-it-industries/
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