China’s slowing IT growth

Writes WSJ: “Network-infrastructure spending by China’s telecom operators has dropped by more than 36% during this year’s first half compared with a year ago, according to estimates released in July by the Ministry of Information Industry. Growth in personal computers sales is also beginning to flatten: PC sales grew by 6.6% during the second quarter from a year earlier, sharply down from its heady year-on-year growth of 27.7% in the second quarter of 2001.”

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