Chinese IT/Electronics industry to grow 30%

Latest Chinese government figures predict the country's electronics and IT industry will grow by 30% this year to CNY2.1 trillion. The figures identified three key "information and electronic belts" underpinning the sector in the country. Guangdong Province's output was CNY390bn ($46.9bn), the highest in the country. The output of Jiangsu province, on the Yangtze River Delta, hit CNY260bn ($31bn). The Beijing region yielded CNY6bn ($722m) in pre-tax profits.