View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 11, 1993

40% GROWTH FOR IBM IN CHINA…?

By CBR Staff Writer

China currently accounts for about 1% of IBM Corp’s $64,500m worldwide annual sales, the company says, implying between $600m and $650m, and it has been making bullish noises about its business there, saying that it forecasts 40% growth there this year, down from 80% last year, despite the country’s recently imposed austerity programme; this, imposed in face of growing alarm over China’s overheating economy and banking crisis, calls for a 20% cut in government spending and cutback of loans and investment; IBM has two joint ventures in China to manufacture computer equipment.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU