China’s software sector sees $796.66 billion growth in January-July 2022

BEIJING, 28th August, 2022 (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 US$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 US$29.8 billion, up 4.3 percent year on year.