China’s software and information technology sector is growing …


(MENAFN) According to official data, China’s software and information technology sector continued its strong expansion momentum during the January-August period, with its operating profit maintaining steady growth.

The Ministry of Industry and Information Technology (MIIT) further stated that the industry’s software revenues amounted to 5.97 trillion yuan ($ 924 billion) during the period indicated, in 20.8% increase per year.

Besides; Information technology services marked rapid expansion in the period shown, with revenue up 23.9% from a year ago, up 3.1 percentage points from compared to the average level of the software sector.

Revenues from industrial software products increased 17% from 2020 to 146.6 billion yuan, supported by growing demand for digital transformation from manufacturers

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