Background

In the past 15 years, Chinese government investment pushed forward the development in China. While companies grow by acquiring different kinds of resources, such as land, mine, or metal. To give a hand, banks carry out financing activities to help companies get resources. And this has led to the economy:

• Governments and ig companies heavily depends on real estate transaction;
• Banks make high profits;
• Utilization of resources is not sustainable;
• Information technology industry develops slowly;

In the next decade, economic development in China will be primarily facilitated with information technology just as what happened in developed market in 1990s: IT enterprises including Microsoft and Oracle, witnessed gigantic market cap gains up to 700 times since their listing in the late 1980s.