China's IT Software and Services Industry Sees Double-Digit Growth in Revenue

China's information technology software and services industry experienced significant growth in revenue from January to September, according to official data. The combined revenue of the software and IT services industry increased by 13% year-on-year, reaching 11.11 trillion yuan (approximately $1.57 trillion), while total profits rose 8.7% to 1.44 trillion yuan. The industry's exports also showed growth, amounting to $45.94 billion, which is 6.6% more than the previous year.

Key Takeaways:

The software and IT services industry's combined revenue increased by 13% year-on-year to 11.11 trillion yuan.
Total profits rose 8.7% to 1.44 trillion yuan.
The IT services sector's revenue increased by 14.3% year-on-year to approximately 7.64 trillion yuan.
Revenue from cloud computing and big data services grew by 13.7% year-on-year to 1.16 trillion yuan.
The IT services sector accounted for 68.8% of the total revenue of the software and IT services industry.
The industry's exports amounted to $45.94 billion, representing a 6.6% increase from the previous year.
The sector's revenue increase is attributed to the growth of cloud computing and big data services.

Statistics:

The software and IT services industry's combined revenue increased by 13% year-on-year to 11.11 trillion yuan.
Total profits rose 8.7% to 1.44 trillion yuan.
The IT services sector's revenue increased by 14.3% year-on-year to approximately 7.64 trillion yuan.
Revenue from cloud computing and big data services grew by 13.7% year-on-year to 1.16 trillion yuan.
The IT services sector accounted for 68.8% of the total revenue of the software and IT services industry.
The industry's exports amounted to $45.94 billion, representing a 6.6% increase from the previous year.
Total exports to cloud computing and big data services were $360 billion.

Sources:

Ministry of Industry and Information Technology
State Council News
Xinhua