Chinese SMBs to spend $46 bln on IT by 2010

Small and medium businesses (SMBs, or companies with up to 999 employees) in China are slated to spend a whopping $46 bln on boosting their IT infrastructure (excluding telecoms) by 2010. This is up from $21 bln in 2005, giving China-based SMBs a compound annual growth rate of 14% between 2005 and 2010, AMI Partners says.