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Productivity in China Could Surge With IT Revolution

Walton, Nigel (2014) Productivity in China Could Surge With IT Revolution. The Oxford Analytica Daily Brief.

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Abstract

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
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Uncontrolled Keywords: China, IT revolution, telecommunications, technology, Internet, e-commerce
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce
T Technology > T Technology (General)
Divisions: Academic Departments > Worcester Business School
Related URLs:
Depositing User: Nigel Walton
Date Deposited: 19 Sep 2014 07:30
Last Modified: 19 Sep 2014 07:37
URI: https://eprints.worc.ac.uk/id/eprint/3386

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