China to promote software industry development

BEIJING (Xinhua) – China will foster a group of competitive and influential software companies to promote the high-quality development of the software industry, a senior official said yesterday.

China’s software industry has evolved rapidly in recent years, Minister of Industry and Information Technology Miao Wei said at the opening ceremony of the 23rd China International Software Expo.

The software sector reaped revenues of 6.3 trillion yuan (about USD914 billion) last year, up 14.2 per cent year on year, official data showed.

During the first four months of the year, the sector reported a year-on-year increase of 14.8 per cent in revenues and an 8.7 per cent growth in profits.

Miao said the ministry will boost integration of the software sector with other industries, promote its use in emerging industries such as big data and artificial intelligence (AI) and strengthen basic theory innovation.