China Overtakes US as Supplier of IT Goods

Ant writes "CNET News.com is reporting that 'after almost a decade of explosive growth in its electronics sector, China has overtaken the United States as the world's biggest supplier of Information Technology goods, according to a report by the Organization for Economic Cooperation and Development.' From the article: "The most spectacular demonstration of China's ambition to become a consumer electronics heavyweight came in May this year when Lenovo, the Chinese computer maker, paid $1.75 billion to buy IBM's personal computer unit."

Comments

Re:if only

[TummyX]

Nice idea and maybe applicable sometimes but the reason China is growing economically is because China has, for the past decade, been experimenting with capatilism. They call it "one country, two systems". The opening and gradual deregulation and of markets is what has created the economic growth in China.