China’s software sector reports $797bn growth

 

Beijing / WAM

China’s software industry reported a 10.3 percent increase in business revenues in the first seven months of the year, Chinese news agency, Xinhua, reported.
Revenues totalled 5.46 trillion yuan (about $796.66 billion) from January to July, data from China’s Ministry of Industry and Information Technology showed.
Companies in the sector raked in 569.8 billion yuan in combined profits during the period, up 6.6 percent year on year.
During the period, China’s software exports amounted to $29.8 billion, up 4.3 percent year

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