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UPDATED: 05/14/2015 – 8:17
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BEIJING, May 13 (Xinhua) – The business income of Chinese software sector increased by 17.5 percent in the first quarter of this year to 880,000 million yuan (144,000 million dollars), according to latest data released Wednesday.
The growth rate for the quarter increased by 1.7 percentage points compared with that recorded in the January-February period, Chen said Wei, director of the department of software service industry under the Ministry of Industry and Information Technology.
“Because innovation and technological renewal, increasing software products are applicable, which has pushed further growth of hardware products, “Chen told a press conference Wednesday during the XIX International Software Fair of China to be held from 27 to 29 May in Beijing.
The rapid growth of the sector has become one of the strengths of economic development in China, the official said, adding that play a key role in leading industrial innovation, promote the digitization industries and safeguard the security Information of the country.
The Chinese government is following two strategies of development of great significance, “Internet +” and “Manufacturing China 2025″, to improve the economy and upgrade the industrial development with the latest technology.
It is expected that the exhibition, sponsored by the Chinese government, will attract over 600 domestic software producers and 30 foreign companies, including the United States and the Republic of Korea, Chen said.
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