Home China Headline City IT income set to beat US$128b

City IT income set to beat US$128b

Revenue of Shanghai's information technology industry is set to double last year's figure to surpass 1 trillion yuan (US$128 billion) in 2010 when the World Expo is held here, a government official said yesterday. The city will invest heavily in several IT projects for the expo, such as a citywide wireless broadband network, a digital transport management network, electronic payment and social security systems, paper-less customs application system and mobile TV, according to Shanghai Municipal Informatization Commission. In 2006, revenue of Shanghai's IT industry reached 590.45 billion yuan, ranking it as the city's No. 1 pillar industry for five consecutive years, and accounted for 13 percent of the city's total GDP. Exports of the IT industry were US$37 billion, one-third of the city's export value, according to Zhou Weidong, the commission's secretary general. The IT industry in the city also got a boost from the software and integrated circuit industries. Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Show/Hide comments Write comment Show/Hide comment form Name Email Website Title Comment Write the displayed characters Add Comment Copyright 2007. All Rights Reserved.

 

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