1.0 Introduction
China introduced market reforms in the early 1980s; only a third of the economy is now directly state-controlled. Since joining the World Trade Organization in 2001, China has rapidly become an economic force, doubling its share of global manufacturing output and creating a commodity-market boom. In 2004 China became the largest exporter of information and communication technology (ICT) exports.
In China, the Hi-tech industry, that includes software industry is a recent phenomenon and the early industry participants were government-funded research institutions spin-offs Legend and Founder were setting up their operations in the year of 1980. China’s market-oriented economy reforms has largely encouraged a large numbers of entrepreneurs to apply their technical skills and set up new ventures to produce software for the vast home market. However, the Chinese software industry has been privately owned recently. According to Heberer (2000), the Chinese government......

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Title: Investing In Hi-Tech Industries In China: Pros And Cons
Approximate Word Count: 3842
Approximate Pages: 16 (250 words per double-spaced page)

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