China's software and information technology services industry saw a rapid expansion in the first two months of this year, reporting double-digit growth in terms of revenues, official data showed Tuesday.
In the January-February period, the total revenue of the software sector rose 11.7 percent year on year to more than 2.15 trillion yuan (about 311.83 billion U.S. dollars), while the total profits climbed 7.3 percent to 269.3 billion yuan, according to data released by the Ministry of Industry and Information Technology. Software exports increased by 12.7 percent on a yearly basis.
Software products registered steady growth in revenue in the two months, accounting for 21.9 percent of the industry's total revenue. Information technology services maintained double-digit growth and raked in roughly 1.45 trillion yuan in revenue, taking up 67.2 percent of the industry's total revenue.