ZCZC
BCN-20
CHINA-SOFTWAR-INDUSTRY-REVENUE
China’s software industry sees rapid revenue growth
BEIJING, Oct. 28, 2018 (BSS/Xinhua) – China’s software industry registered
rapid revenue growth in the first three quarters of this year, official data
shows.
Business revenue increased by 15 percent year on year to reach 4.5
trillion yuan (647.4 billion U.S. dollars), faster than the growth during the
same period last year, according to the Ministry of Industry and Information
Technology (MIIT).
Profits of the industry climbed by 14.4 percent to 568.9 billion yuan
during the January-September period. In the third quarter (Q3), software
industry profit jumped by 21.8 percent, faster than 10.8 percent and 10.2
percent in Q1 and Q2, respectively.
Sales of software products reached 1.33 trillion yuan in the first three
quarters while revenue of information technology services surged 18.5 percent
to 2.5 trillion yuan, MIIT data shows.
BSS/XINHUA/HR/1230