TECH China's software sector records revenue growth in Jan.-Sept.

TECH

China's software sector records revenue growth in Jan.-Sept.

Xinhua

14:13, October 23, 2021

BEIJING, Oct. 23 (Xinhua) -- China's software and information technology sector sustained sound growth momentum in the first nine months of this year, official data showed.

A staff member shows 5G-supported telemedicine technology during the 2019 World 5G Convention in Beijing, capital of China, Nov. 21, 2019. (Xinhua/Peng Ziyang)

Software revenue of the sector totaled 6.9 trillion yuan (about 1.1 billion U.S. dollars) during the January-September period, climbing 20.5 percent year on year, according to the Ministry of Industry and Information Technology.

Companies in this sector saw their profits expand 10.7 percent from a year earlier to 793.7 billion yuan, a growth rate of 1.4 percentage points higher than the first eight months.

In the first nine months, the ministry's data showed that China's software exports stood at 37.9 billion U.S. dollars, up 11.1 percent year on year.

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