CHINA China's software, IT sector picks up pace


China's software, IT sector picks up pace


06:48, July 30, 2018


(Photo: Xinhua)

BEIJING, July 29 (Xinhua) -- China's software and information technology sector posted faster growth in the first six months, official data showed.

The sector generated 2.9 trillion yuan (around 430 billion US dollars) in revenue in the first half of 2018, up 14.4 percent year on year, the Ministry of Industry and Information Technology (MIIT) said in a statement.

The growth rate was slightly higher than that in the first five months and more rapid than the 13.6-percent increase a year ago.

The sector maintained steady development, the MIIT said, citing double-digit profit growth, an increasing number of employees, and a rising wage level. Combined profits of the sector went up 10.5 percent to 358 billion yuan in the first half year.

However, software exports only rose 2.6 percent to 25.3 billion dollars in H1, slowing from 4.2 percent in the January-May period.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue