26 March 2009
China Combats the Crunch in IT.
A ray of sunshine in the gathering gloom of recession was the message put across about China’s IT industry by Ting Zhang and Dr Paul Irwin Crookes of China Business Solutions to an assembled audience of technical specialists at a recent seminar entitled “Crunch IT in 2009”, host by the North London Branch of the British Computer Society, on how the IT industry is weathering the current downturn.
Drawing on empirical research data and recent project experience, they outlined the investment initiatives that the Chinese authorities are currently taking to further stimulate the country’s technology and innovation sectors, with both areas being slated to be major recipients of the US$585 billion economic stimulus package announced by the Chinese leadership in November last year. Ting and Paul were joined on the speaker panel by IT governance expert Sue Milton of ISACA’s London Chapter, Graeme Fleming of PricewaterhouseCooper’s Risk Assurance practice, and Kenny MacIver of the industry journal Information Age, in what proved to be a wide-ranging and thought provoking analysis of current trends and challenges.
Using the successful association between China Business Solutions and Beijing-based IT services major iSoftStone as a case study framework, Paul and Ting were able to explain how partnerships for software product market entry and synergies in IT outsourcing could help UK firms tap into China’s skilled resources pool, to reduce costs on localisation and application development, whilst concurrently growing sales revenues by expanding into the domestic Chinese market for technology products. Their presentation concluded with an up-beat message about how the UK’s leadership in high value business software and advanced embedded telecom solutions represented genuine areas for Sino-British collaboration and growth.