MIIT: China's Software Industry Saw Stable Growth In First Two Months Of 2011

The Ministry of Industry and Information Technology of China has published statistics on its official website, stating that during the first two months of 2011, China's software industry maintained stable growth.The statistics reveal that from January to February 2011, the Chinese software industry realized revenue of CNY216.7 billion, a year-over-year increase of 23.8% and the growth rate was 0.4% higher than the same period of last year. Its total profit reached CNY27.15 billion, a year-over-year increase of 31% and the growth rate was 20.1% higher than the same period of last year.By region, revenue from the eastern areas of China was CNY190.9 billion, accounting for 88% of the total software revenue in China; revenue from the western areas increased by 31.4% year-over-year to CNY16.7 billion; and revenue from the central areas increased by 25.2% year-over-year to CNY9.1 billion.In addition, China's software export reached USD3.96 billion during the reporting two months, a year-over-year increase of 27.1% and the growth rate was 1.7% higher than the same period of last year. Of which, the export of software outsourcing services was USD500 million, increasing by 30% compared with the same period last year.