University of Worcester Worcester Research and Publications

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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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 Discrete 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: College of Business, Psychology and Sport > Worcester Business School
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Depositing User: Nigel Walton
Date Deposited: 19 Sep 2014 07:30
Last Modified: 17 Jun 2020 17:05

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