China's Tech Companies Surge Forward
Filed in archive Studies by james on December 11, 2006

The survey, which covered around 39,000 companies in China across a broad range of tech sectors, found that improving processes mean firms no longer rely on cheap labor for a competitive edge, the Wall Street Journal reported. Among tech companies generating at least US$1.25 billion per year in revenues, those in the private sector posted an average of US$53,700 in revenue per worker in 2005, up from US$28,800 in 2001. Foreign tech firms operating in China averaged US$56,000 per worker in 2005, down from US$63,900 in 2001. Total revenues generated by Chinese tech companies hit US$700 billion in 2005, up from US$250 billion in 2001, and their share of export sales rose to 43% from 32%.
China's TV advertising market revenues surge as Olympics budgets gain traction.
The annual CCTV
auction is a big event in China, drawing tremendous attention from everyone from economists to entrepreneurs. Bolstered by $119 million of advertising money for Olympic programs next year, it's a clear signal where the upcoming business opportunities are. Lenovo, the computer maker spent, $20.5 million for the right to use its name on an Olympic count-down clock. Bank of China has also allocated nearly $16.2 million for other Olympics-related advertising.CCTV is a state-owned station with 15 nationwide channels, covering about 95% of the 1.3 billion population. It has about a one third market share for audience and advertising revenue.
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China technology and television advertising
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