China’s software industry reported a 9.8 per cent year-on-year increase in business revenue in the first eight months of 2022, an official data has revealed.
The data from the Ministry of Industry and Information Technology shows that revenue of the sector totaled 6.44 trillion yuan (about 907.07 billion dollars) from January to August.
Companies in the sector raked in 695.2 billion yuan in combined profits during the period, up 3.6 per cent year on year.
During the period, exports of China’s software services amounted to 34.4 billion dollars, up 4.8 per cent year on year.
