New policies to favor software industry

16:56, June 03, 2010      

Email | Print | Subscribe | Comments | Forum 

The Ministry of Industry and Information Technology (MIIT) has drafted new policies that will help all levels of government advance technology and innovation to promote China's software industry, said MIIT Minister Li Yizhong yesterday

Policies issued in 2000 have favored software enterprises in various aspects including tax incentives, but they are due to expire this year. MIIT is setting down new supportive policies in conjunction with the Ministry of Finance and the National Development and Reform Commission to create a more favorable environment.

Li said the primary goal this year is to propel mergers and acquisitions in the software industry.

It is reported that 58 domestic merger cases involving 1.6 billion U.S. dollars occurred in 2009, representing a 65.7 percent year-on-year growth. Research shows software providers are decreasing in 2010 as a proportion of total mergers and acquisitions.
Li also emphasized that the authorities will further standardize the software service market to improve intellectual property rights protection.

China's software industry has achieved a 36 percent annual average growth in the last 10 years and remains on course to grow 25.6 percent despite the global financial crisis, said Li Yizhong.

Li said China's software industry has achieved a 28.7 percent year-on-year revenue growth in the first four months of this year, including a 22.4 percent growth in exports.

By People's Daily Online


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion