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TMCNet:  China's software industry revenue to exceed RMB1.2 trln in 2010

[September 08, 2010]

China's software industry revenue to exceed RMB1.2 trln in 2010

NANJING, Sep 08, 2010 (Xinhua via COMTEX) -- China's software business revenue increased 29 percent in the first seven months of this year to 723.1 billion yuan, and the figure is expected to exceed 1.2 trillion yuan in the whole 2010.


By exploiting China's domestic market, and promoting industrial structure adjustment, China's software industry rebounded since last August, and maintained stable development.

In the first half of this year, the software business revenue topped 604.8 billion yuan, representing an increase of 29.1 percent year on year. The growth rate was 6.4 percentage points higher than a year ago.

Business revenues of high value-added technology, namely value-added IT service, IT consulting and management service, and IC design service, showed outstanding growth, showing China's software service sector has gotten rid of the negative impacts from the global financial crisis, and the adjustment on industrial structure has taken effect.

Chinese Vice Minister of Industry and Information Technology Yang Xueshan said MIIT would join hands with related governmental departments to constitute new policies encouraging further development of software industry and integrated circuit (IC) industry, and create a better policy environment, to bolster the development of China's software service sector.

(Edited by Luo Jingjing, luojj@xinhua.org)

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