Annual Growth Rate in China's Software Industry Reached 16 Percent

Genie Software Industry Annual Growth Rate Reached Percent
Annual Growth Rate in China's Software Industry Reached 16 Percent

According to the statement made by the Ministry of Industry and Information Technology of China, the software industry grew by 16 percent in the first two months. According to the data, the revenue recorded in the software industry in 2022 exceeded 11,2 trillion yuan, up 10 percent year on year, which is 8,2 points higher than the GDP growth rate.

In the first two months of this year, the revenue recorded in software products reached 337 billion 900 million yuan, and the revenue obtained from them in industrial software products increased by 13,6 percent year on year to 39 billion yuan.

Explaining his views on the subject, Qian Depei, an official of the Chinese Academy of Sciences, said: “Industrial software, which has entered a rapid development phase, has exceeded the general growth rate in the industry for a long time. With the construction and implementation of new types of information infrastructure facilities, especially the industrial internet, the core industries of the digital economy have been developed, as well as the high-quality development of the integrated circuit and industrial software industry, as well as the creation of more new business models.”

The Ministry of Industry and Information Technologies stated that they will adhere to the work on core technologies by accelerating the development and implementation of critical software, and will increase the durability and security level of the industry chain and supply chain in a comprehensive way.