China's software, IT service sector sees steady growth in Jan- Aug


FE Team | Published: October 13, 2019 12:08:41 | Updated: October 15, 2019 11:24:28


Staff members work at an e-commerce service company in Yiwu, east China's Zhejiang Province, on Oct 25, 2018 - Xinhua/Tan Jin

The revenue of China's software and information technology (IT) service industry reported stable growth in the first eight months, official data showed.

The software and IT service sector raked in a total of 4.49 trillion yuan (about 634 billion US dollars), with a year-on-year growth of 14.9 per cent, according to the Ministry of Industry and Information Technology (MIIT).

Profits of the sector expanded 9.4 per cent year on year to 554.2 billion yuan in the first eight months.

Software exports gained 3.9 per cent on a year-on-year basis to 31.1 billion US dollars, Xinhua reported.

Boosted by robust growth in cloud, big data and e-commerce platform services, the revenue of IT service saw a 16.9-per cent growth to 2.65 trillion yuan in Jan-Aug period.

The MIIT data also showed a 5.2-per cent year-on-year increase in the number of employees in the software and IT service sector to 6.35 million. The average salary level rose 7.5 per cent during the period.

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