Massive technology and equipment imports facilitated rapid improvement of China’s capacity and productivity. Moreover, yuan appreciation against the US dollar in this period lowered the RMB-denominated price of import products and cushioned the impacts brought by the rise of international raw material price on domestic price level, which directly eased domestic inflationary pressures.
All the governance principles and practices are generally top down and the IT governance is no exception to this hierarchical initiative and responsibility. IT governance, as a subset of corporate governance, also requires to be driven from the board level.