China's software industry, which consists of 35,368 companies, generated total revenues of CNY4.902 trillion (US$723.43 billion) for the January-November period 2017, growing 14.5% on year, according to China's Ministry of Industry and Information Technology (MIIT).
Exports of software products and services in the first 11 months of 2017 totaled US$44.8 billion, accounting for 6.19% of total software revenues and rising 1.7% on year. The software industry also generated operating profits of CNY600.8 billion during the period, rising 14% on year.
MIIT: Breakdown of China's total software revenues by business category, January-November 2017 (CNYb) | ||
Business category | Revenues | Y/Y |
Software products | 1,498.333 | 12.6% |
IT services* | 2,640.594 | 16.9% |
Software for embedded systems | 763.106 | 10.1% |
*Including CNY687.589 billion for operational services and CNY192.640 billion for IC design services
Source: MIIT, compiled by Digitimes, December 2017
