China's IT industry revenue exceeds $1.14 trillion in half a year
When the digital economy becomes the main engine of global growth and data the new oil, the performance of the IT sector turns into a barometer of technological sovereignty. $1.14 trillion in revenue over six months is not just statistics – it reflects a profound transformation of the country, where software and cloud technologies are becoming as fundamental as steel and concrete were in the last century. China's software industry, despite global turbulence and sanctions pressure, continues to grow steadily, demonstrating not just numbers but structural restructuring: from exporting services to building its own platforms, from catch‑up development to leadership in cloud computing and big data. The double‑digit growth rates in key segments indicate that the sector is not merely surviving but actively building muscle, betting on innovation and domestic demand.
According to the Ministry of Industry and Information Technology, the combined revenue of the software sector grew by 9.5% year‑on‑year to 7.7182 trillion yuan (about US$1.14 trillion) in the first six months, while total profits increased by 1%. In the first half of the year, the sector's exports reached US$33.79 billion, up 11.4% year‑on‑year. By segment, revenue from software products rose by 6.9% year‑on‑year in the period, accounting for 21.7% of total industry revenue, while information technology service revenue continued to show double‑digit growth. The IT services segment accounted for 68.5% of total industry revenue. Specifically, revenue from cloud computing and big data processing services grew by 12.1% year‑on‑year to 887.7 billion yuan in the reporting period.
China's software and IT industry is one of the key pillars of the national digitalisation strategy. Government programmes aimed at developing artificial intelligence, the Internet of Things and cloud infrastructure are stimulating domestic demand, which in turn allows companies to increase their export potential. Despite the slowdown in the global economy, China maintains high rates of industrial digitalisation, and the transition to domestically produced software in the public sector provides a solid foundation for further growth. Analysts note that structural shifts in favour of high‑value‑added services make the sector less vulnerable to external fluctuations and more competitive on the global stage.
As CCTV+ reports, the steady growth of China's IT industry confirms the effectiveness of the technology self‑reliance strategy and suggests that by the end of the year the sector will once again break its own records, strengthening China's position as one of the world's leaders in digital technology.
