China's Software Revenue Up 30.8% In First 11 Months

According to the latest statistics from China's Ministry of Industry and Information Technology, the accumulated revenue of China's software businesses reached CNY697.73 billion in the first 11 months of 2008, a year-on-year increase of 30.8%.

The statistics show that among different sectors of China's software industry, the revenue of software products was CNY308.5 billion, accounting for 44.2% of the total revenue. Compared with the same period last year, the revenue increased by 32% and the growth rate is 11.5 percentage points higher year-on-year.

The software technology service sector also experienced great development. For January to November 2008, CNY123.97 billion revenue was achieved in this sector, a year-on-year increase of 38.6%. Of that total, revenue made by software outsourcing services was CNY14.4 billion, increasing over 80% year-on-year.

In the first 11 months of 2008, China's software export reached USD12.5 billion, a year-on-year increase of 50.3% while the software outsourcing service export reached USD1.13 billion, a year-on-year increase of 48.1%.

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