China's Software and IT Service Grows Stably

It was reported that in the first ten months of the year, the software and IT services sector grew steadily in China.

According to the data announced by the Ministry of Industry and Informatics of China, the revenue recorded in the software sector in the January-October period increased by 10 percent to 8 trillion 421 billion 400 million yuan, while the profit increased by 4,5 percent to 1 trillion 4 billion 700 million yuan.

On the other hand, income in the IT service sector is growing rapidly. According to the data, the revenue recorded in the information services sector in the first ten months of the year increased by 10,1 percent year on year to 5 trillion 458 billion 300 million yuan.

In addition, the revenue of industrial software products reached 9,6 trillion 2 billion 73 million yuan with an annual increase of 700 percent.