China: software sector sees revenue of $541.4 billion

shahennews

 China’s software and information technology service sector sustained stable growth in the first five months of this year, with revenue from software-related businesses up 10.6 percent year on year, data from the Chinese Ministry of Industry and Information Technology showed Sunday.

The sector’s revenue amounted to 3.62 trillion yuan (about $541.4 billion) during the five-month period, according to data.

Companies in the sector raked in 374.7 billion yuan in combined profits in the period, up 1.9 percent year on year, reversing a 1.4-percent decline registered in the first four months.

During the January-May period, China’s software exports amounted to $20.4 billion, up 2.7 percent year on year, data showed.

//Petra// RZ