By Marty Wolf
A July 9th article by Martin Wolf (not me), chief economics columnist for the Financial Times, London, was entitled: “Why China Will Not Buy The World.” While noting that China’s acquisitive ambitions often make the West nervous, Wolf concludes that the threat is overblown.
That’s because the Chinese economy is built on collaborating with large global companies. So far, China has not yet scaled its own companies. As a result, China has had mixed results in participating in large international mergers and acquisitions.
While Martin Wolf of the Financial Times can write about what’s happening in the world, this Martin Wolf can report on IT with first-hand knowledge. Having just returned from meetings with some of China’s IT leaders – those running IT outsourcers and technology solutions providers – I can attest that China will not be buying the IT services world.
The industry is elsewhere
In layman’s terms, the Chinese IT services industry is “late to the party.” To achieveRead More »from Here’s Why China Isn’t Taking Over the IT World … Yet