[[{“value”:”And as a consequence, the once booming Power Systems business in China has all but dried up and as a consequence IBM earlier this year started shutting down its China Development Lab and last week shut down its China Systems Lab. According to a report in Nikkei, the layoffs in China by Big Blue affect around 1,600 workers located in Beijing, Shanghai, and Dalian.
Four decades ago, when Big Blue started to do business for real in China, the only reason to believe that the Middle Kingdom might one day rival the United States economically and militarily was the vastness of its population, the breadth and depth of its natural resources, and the patience and tenacity of its command economy.”}]] Read More
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