Software industry to enjoy rapid growth thanks to policy support

09:42, February 04, 2010      

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China's software industry is expected to grow by around 25 percent in 2010, remarked the Ministry of Industry and Information Technology (MIIT) February 3, adding that the industry will continue to receive strong policy support.

In 2009, China's software industry revealed a V-shaped recovery trend. Data from MIIT showed that the software industry's annual revenue grew 25.6 percent year on year in 2009 to 951.3 billion yuan (139.36 billion U.S. dollars), the increase rate was 4.2 percentage points lower compared with 2008. The top 100 software enterprises realized profits growth of over 20 percent.

China's software industry will remain far below saturation in 2010, and will be on fast track in the coming several years, said the MIIT.

An official from the MIIT pointed out that the IT applications in the 4 trillion yuan stimulus package, the expansion of the banking industry and the booming 3G construction will bring remarkable demand for software services. In addition, relevant policies and laws will create new chances for the software industry in 2010.

By People's Daily Online
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