Manufacturing News

Revenues of China's software industry up 25.4 pct

The software industry garnered more than 1.3 trillion yuan (205 billion U.S. dollars) in revenues in the first seven months of this year, up 25.4 percent year on year, government data showed Monday.

The fast revenue growth came as the software businesses flourished in the nation's western regions such as Chongqing, Sichuan and Shaanxi during the period, the Ministry of Industry and Information Technology announced.

Data released by the ministry also showed that the surge in revenues was accompanied by a 12.5-percent rise in exports value of the sector in the same period, which reached 19.1 billion U.S. dollars, up 12.5 percent year on year.

Data showed that the sector's exports have been recovering since May this year, with growth rates in May, June, and July up 1.3, 0.2, and 0.8 percentage points, respectively, on a monthly basis.

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