IT sector growthforecast at just 10%, led by smartphones
By Gao Yuan | China Daily | Updated: 2014-05-21 06:44
China's information technology market is projected to increase a middling 10 percent this year with the smartphone and tablet sector leading the growth, research company IDC said on Tuesday.
The nation's slowing economy and mounting concerns over Sino-United States cybersecurity conflicts are likely to drive away some overseas tech companies and thus lower overall IT spending.
Assuming the economy remains stable, pent-up demand will drive IT spending growth back up to double digits before another likely slowdown occurs in 2015, analysts said.
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