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Software industry pockets US$48.75b in 2005
(Xinhua)
Updated: 2006-03-18 14:34 China's software industry
earned 390 billion yuan (48.75 billion US dollars) in 2005, a year on year surge
of 40.3 percent, according to latest the statistics with the Chinese Ministry of
Information Industry.
The software industry is still one of the fastest growing sectors in the
country's electronic information field, with a growth rate that is 16.7 percent
higher than that of the industry as a whole, said the ministry.
China's software industry witnessed a 40 percent annual growth rate over the
last five years, expanding its share among the electronic information industry
from 6.3 percent in 2001 to 11.2 percent in 2005.
The sale of software services and system integration have also become a new
growth point for the software industry.
Statistics with the ministry show that the sale of software products were
206.65 billion yuan accounting for 55 percent of the industry's income, a
decline of two percent over 2004. Earnings from software services surged 66.5
percent to 50.49 billion yuan and make up two percent more of total industry
sales than it did the previous year.
The sales of system integration also increased 40.1 percent year on year to
132.9 billion yuan in 2005, said the ministry.
According to the ministry, China exported software worth 3.59 billion dollars
last year, an increase of 28.2 percent over the previous year.
According to the ministry, China has six major software exporting bases and
17 Chinese software companies have won CMM5-international certificates.
In addition, many Chinese software firms are shifting their focus to
out-sourcing services for the international market.
Along with Japanese companies, more and more software firms from Europe and
the United States are increasingly interested on China's software industry.
The ministry forecasts the software outsourcing business from the Europe and
the United States will jump 50 percent in the next few years.
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