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Pacific China plans Asia's biggest IT manufacturing hub

Discussion in 'Breaking News' started by kds1980, Jul 9, 2010.

  1. kds1980

    kds1980 India
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    China plans Asia's biggest IT manufacturing hub : Rediff.com Business

    The HP factory will produce 5 million computers this year and 40 million by 2012, according to Huang.

    The IT industrial cluster is only part of the local authorities' effort to build Chongqing, China's largest municipality, into an economic powerhouse in the country's western hinterland.

    The city won government approval last month to set up a 1,200 square km special economic zone - Liangjiang New Area, the nation's third of its kind after Shanghai

    The HP factory will produce 5 million computers this year and 40 million by 2012, according to Huang.

    The IT industrial cluster is only part of the local authorities' effort to build Chongqing, China's largest municipality, into an economic powerhouse in the country's western hinterland.

    The city won government approval last month to set up a 1,200 square km special economic zone - Liangjiang New Area, the nation's third of its kind after Shanghai Pudong and Tianjin Binhai.

    Chongqing's rapid development owes much to the country's strategy of developing western regions, which was initiated 10 years ago aiming to achieve more balanced growth between eastern and western China.

    During the past decade, China has invested 100 billion dollars in 23 major infrastructure projects in the western region, which has helped the region's economy grow at an annualized 11.9 per cent during the period.

    Under the city's development roadmap, it plans to quadruple its industrial output to some 4 trillion Yuan over the next 10 years, driven by pillar industries including IT, automobile, equipment and machinery manufacturing.
     
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  3. kds1980

    kds1980 India
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    How many jobs will now shift to China now?
     

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