Productivity in China Could Surge With IT Revolution

Walton, Nigel (2014) Productivity in China Could Surge With IT Revolution.

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The meteoric rise of China’s internet champions, Baidu, Alibaba and Tencent, has given China the world's largest e-commerce market. However, internet penetration overall is low: most Chinese firms are not connected to the internet, and new trends such as cloud computing and 'big data' have not yet had a major impact in China. As rising labour costs erode China's competitiveness, Beijing looks to technology to enhance productivity, and is driving large-scale investments in superfast telecoms networks across the country to 'wire in' the small and medium-sized enterprises (SMEs) that form the backbone of the economy. China is upgrading its telecoms infrastructure faster than anywhere else in the world, and is on course to become a world leader within a few years.

Item Type: Article
Keywords: HB Economic Theory, HC Economic History and Conditions, HD Industries. Land use. Labor, HE Transportation and Communications, HF Commerce, T Technology (General)
Members: University of Worcester
Depositing User: ULCC Admin
Date Deposited: 08 Nov 2016 13:14
Last Modified: 08 Nov 2016 13:14

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