People’s Daily reports:

Due to rapid economic development and a booming IT industry in China, the IT services industry has expanded to a market with an annual scale in the scores of billion yuan.

During the first half of 2007, the nation’s IT services industry revenue amounted to 31.14 billion yuan, up 14.1 percent from a year earlier.

“China’s IT services industry is marching into a golden era within the next five years, capturing an annual revenue of 132 billion yuan by 2010,” said Chen Jianjun, deputy secretary general of the China Federation of IT Promotion.

This was based on a report by analysts CCID and Microsoft’s Asia-Pacific & Greater China Customer Service and Support.

It’s all good news about everything:

Last year, the industry structure began shifting, with stable growth of system integration, while demands on outsourcing consultancy and training services flourished.

The growth of governmental demands on IT services remains robust. Services for small- and medium-sized enterprises have accelerated. And the number of household clients is increasing.

Many key industries, such as finance, telecommunications, manufacturing and retailing, have become the crucial drivers for China’s booming IT services industry.

There’s no doubt that IT services in China are taking off, but I’m not sure it’s time to break out the champagne for Geek Squad China. I couldn’t find the report, but when phrases like “have accelerated” and “is increasing” are used I get a little suspicious.

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