Abstract
This IDC study analyzes the status quo and trends in
the China manufacturing industry IT solutions market by offering a
five-year forecast. It discusses the competition among key solution providers
and summarizes the manufacturing industry' s overall IT spending by solution
type.
"Since the beginning of 2008, the China manufacturing industry has
been suffering from the combined impact of the RMB appreciation,
increased labor costs, the U.S. dollar depreciation, the subprime lending
crisis, export rebate adjustments, energy consumption and emission reduction policies,
and the capital chain tension. Coupled with the global financial
crisis, things got worse. In November 2008, the government announced
a stimulus package of RMB 4 trillion in November 2008
to restrain panic in the manufacturing industry and eliminate consumers'
anticipation of deflation, which successfully retained the economy. Only two
months after the stimulus package was announced, the central government
provided details of the stimulus package by unveiling specific schemes
to revitalize 10 key industries, including the automobile, iron and
steel, and equipment manufacturing segments," says Gao Liang, senior analyst,
Vertical Industry Research and Consulting Team, IDC China.
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