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November 25, 2010

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Software boom

CHINA'S software industry revenue in the first 10 months surged 29.9 percent year on year to 1.09 trillion yuan (US$160.3 billion), the Ministry of Industry and Information Technology said yesterday.

In the January-October period, the industry's revenue was more than 10 times that in the same period of 2001, up 38 percent annually, the ministry said on its website.

During the period, the industry's revenue accounted for 18 percent of all revenue in the China's electronics and information technology sector, against 6 percent in 2001, according to the ministry.
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