China's software exports hit $14.2 billion in 2008

(Xinhua)
Updated: 2009-02-12 00:05

BEIJING -- China's software export soared 39 percent last year to US$14.2 billion from 2007, despite the international financial crisis, according to the Ministry of Industry and Information Technology (MIIT) Wednesday.

The export included US$1.59 billion from outsourcing services, up 54.3 percent year on year.

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China's software industry posts 29% revenue growth

MIIT said the software industry maintained a rapid growth last year, with the business revenue increasing by 29.8 percent to 757.3 billion yuan (US$110.8 billion). The growth rate was 8.3 percentage points higher than a year earlier.

But, the growth slowed down in December. The sector's revenue went up 19.2 percent to 59.6 billion yuan in December, 9.3 percentage points lower than November and 11.7 percentage points lower than the same period of a year earlier.

The sales of software products hit 316.6 billion yuan last year, up 32 percent year-on-year, It made up 41.8 percent of the sector's total revenue.