China's Software Industry Sees Revenue Rise 20%

Market hit $81 billion in 2007

Boosted by particularly swift growth in income from services, China's software industry saw an increase in revenue of more than 20% last year, state media reported Feb. 12.

The Chinese software industry generated revenues of 580 billion yuan (US$81 billion) in 2007, up 20.8% from the year before, Xinhua news agency said, citing the Ministry of Information Industry.

Software and technology services saw the steepest growth, rising 24.8% to 97.8 billion yuan, according to ministry figures.

China, the world's fourth largest economy, has vowed to raise the contribution to growth from technology-intensive industries such as software.

Copyright Agence France-Presse, 2008

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