Chinese software sector sees strong expansion


(MENAFN)

Official data showed that the Chinese software and information technology (IT) service industry saw a strong expansion in its revenue in the starting ten months of the year.

The Ministry of Industry and Information Technology (MIIT) said that the software and IT service sector made USD823.06 billion rising 15.2 percent since the previous year.

The sector saw a rise of 11.9 percent in profits since the same period of the earlier year to set at USD104.36 billion in the period

Exports of software increased 3 percent yearly to USD38.6 billion.

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