IT investment to surge as a result of smart city projects
Updated: 2013-03-26 17:27
By Gao Yuan (chinadaily.com.cn)
|
|||||||||||
China's ongoing smart city project will boost information technology-related investment to $10.8 billion this year, industry research company IDC said on Tuesday.
Investments in public security, intellectual medical care and smart transportation systems "will surge" in 2012 as IT services, software and enterprise level personal computer sectors experience rapid growth, said IDC.
IT investment in smart city-related programs hit $9.2 billion last year.
More partnership deals or mergers and acquisitions among IT service providers are also foreseeable this year as more large Internet companies start to enter the market, according to the company.
China is considering adding another 50 pilot cities to the country's smart cities project over the next three months, Xinhua News Agency reported, citing government officials.
The government announced the first batch of 90 pilot cities in the project in January.
gaoyuan@chinadaily.com.cn
Related Stories
SmartCity Expo wants more Chinese involvement 2012-05-11 20:22
Barcelona invites Chinese to SmartCity Expo 2011-08-12 17:53
Investment breathes life into developing economies 2013-03-26 08:05
China ups investment in Africa's bank sector 2013-03-26 08:05
Investment in railways rises 2013-03-15 11:02
Today's Top News
Police continue manhunt for 2nd bombing suspect
H7N9 flu transmission studied
8% growth predicted for Q2
Nuke reactor gets foreign contract
First couple on Time's list of most influential
'Green' awareness levels drop in Beijing
Palace Museum spruces up
Trading channels 'need to broaden'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|











