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June 22, 2010

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Shanghai benefits from IT industry

SHANGHAI'S output and exports of information technology products grew rapidly in the first five months due to the booming software and semiconductor industries, city officials said yesterday.

The revenue of local software and IT services is expected to maintain a "double-digit" growth annually in 2010.

Between January and May, Shanghai's IT output was 223.8 billion yuan (US$32.9 billion), an annual rise of 56 percent. The city's IT exports were worth 178.7 billion yuan, a 43 percent surge from a year ago, the commission said.

More than 4.4 billion integrated circuit units were produced in the period, an annual surge of 78 percent.

Meanwhile the city plans to train more IT professionals this year, according to Huang Zhaoda, a senior official of the Shanghai Municipal Economical and Information Technology Development Commission, the city's IT regulator.

"We have to train more IT talents to support the booming IT industry because talent is a necessary part of the industry's sustainable growth," Huang said at a conference.

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