Software, IT service industry revenues up 32%

Updated: 2012-02-26 16:49

(Xinhua)

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HARBIN - Revenues of China's software and information technology (IT) service industry rose 32.4 percent year-on-year to 1.84 trillion yuan ($292.23 billion) in 2011, the Ministry of Industry and Information Technology (MIIT) said.

The rise was 4.4 percentage points higher than the industry's average growth rate during the 2006-2010 period, according to an MIIT report released at an ongoing forum held in the northeastern province of Heilongjiang.

The country's software exports increased 18.5 percent from a year earlier to $30.4 billion last year, the report said.

The industrial scale of the country's software and information service outsourcing sector surged 39.5 percent from the pervious year to hit 383.5 billion yuan ($60.9 billion) in 2011, with software outsourcing exports up by 40.3 percent to $5.9 billion, the report said.

The report attributed the expanding industrial scale to the economy's steady growth as well as rising demands from domestic and global markets.