Software Outsourcing Exports Slow In China

According to the latest statistics provided by China's Ministry of Industry and Information Technology, China's software export reached USD4.93 billion in the first four months of 2009, a year-on-year increase of 48.2%.

The growth rate is said to be at the same level as that of the first three months, but 6.7% lower than the same period of last year.

Of the total value of exports, USD380 million was from the software outsourcing sector, a year-on-year increase of 25.8%, but the growth rate was 4.4% lower than that of the first three months.

In addition, China's software industry realized accumulated revenue of CNY255.22 billion in the first four months of 2009, increasing 23.5% compared with the same period of 2008. Of the total revenue, CNY92.61 billion was from software products, accounting for 36.3%.

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