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China’s software industry sees rapid recovery

BEIJING: China’s software industry has seen rapid recovery as revenue and profit growth gathers steam, according to the Ministry of Industry and Information Technology.
Software companies reaped nearly 5 trillion yuan (about 734.2 billion U.S. dollars) in revenues from January to August, up by 10 percent year on year, compared with an 8.6-percent increase in the first seven months.
In the first eight months, the profit of the software industry reached 602 billion yuan, up by 5.9 percent year on year.
However, software exports declined by 1.3 percent year on year in the first eight months to 29.7 billion U.S. dollars.

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.