China Software Sector Shows Momentum

China’s software and information technology sector experienced sustained growth momentum in 2021, with revenue and profit maintaining steady expansion, Xinhua reported, citing official data.

There were more than 40,000 companies in the sector with an annual revenue of more than 5 million yuan ($785,000) last year, according to the Ministry of Industry and Information Technology.

Read the full report: Xinhua

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.