China’s software and IT was expected to fetch a revenue of USD 635 billion by 2015,according to new official projections.
The revenue of China’s software and information technology (IT) industry will increase at an annual growth rate of over 24.5 per cent to exceed USD 635 billion by 2015,according to development plan unveiled today by the Ministry of Industry and Information Technology.
Software exports will amount to USD 60 billion by 2015,while the revenue of China’s IT service sector is expected to top 2.5 trillion yuan,it said.
The research input of the country’s 100 largest software companies will account for at least 10 per cent of their revenues by 2015,state-run Xinhua news agency reported.
China is aiming to increase its focus on the software industry.
The country will have more than 10 cities with software revenues exceeding 100 billion yuan and two to three software industrial zones with revenues topping 500 billion yuan by 2015,report added.
The country’s software and IT industry saw revenues rise 32.4 per cent year-on-year to 1.84 trillion yuan in 2011.