Tuesday, 02 January 2024 12:17 GMT

China: Software, IT service sector sees 2020 income expansion


(MENAFN)China's software and information technology (IT) service sector saw a 7.8-percent year-on-year upsurge in combined profits last year, official statistics revealed.

The sector's total income hit almost 1.07 trillion yuan (about USD165.4 billion), according to statistics from the Ministry of Industry and Information Technology.

In 2020, the software and IT service industry raked in accumulated income of 8.16 trillion yuan, increased 13.3 percent from one year earlier.


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