Asian IT Industry Grew Rapidly in 1999

According to Dennis Philbin, the executive manager of IDC Asia, Asian IT industry grew rapidly in 1999.

Mr. Dennis Philbin said in Asian IDC conference that the IT market in Asia was mature recently. Since China is a great country with its high speed of economic growth, Chinese IT market becomes more and more important in this area. Chinese IT consumption is expected to increase in 24% rate per year, from current 11 billion US$ to 33 billion US$ by the year 2004.

IDC expected that Chinese web users would reach 16 million in 2003.