China’s software industry reported a 9.8-percent year-on-year increase in business revenue in the first eight months of the year, according to official data.
Revenue of this sector totaled 6.44 trillion yuan (about 907.07 billion U.S. dollars) from January to August, data from the Ministry of Industry and Information Technology shows.
Companies in the sector raked in 695.2 billion yuan in combined profits during the period, up 3.6 percent year on year.
During the period, exports of China’s software services amounted to 34.4 billion U.S. dollars, up 4.8 percent year on year.
Originally published by Xinhua