IT outsourcing growth will pick up in 2013 and growth in the communications equipment segment will slow from 10 percent in 2012 to five percent in 2013.

Computer equipment and peripherals will grow eight percent in 2012 and 13 percent in 2013.

Looking forward, an increase in IT investment from multinationals will boost the confidence of the private sector in China and these companies will then be encouraged to spend on new IT projects.

The government is likely to issue a new stimulus package that will drive infrastructure, education and IT sectors.