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Chinese Software and IT Revenue Doubles as China seeks Self Reliance from the US. Below excerpt reported by TV BRICS. (2024, June 8). China's software and IT services industry revenue doubles in January-April 2024. TV BRICS 'Chinese software and information technology services manufacturers reported double-digit year-on-year growth in revenue and profits.' 'The sector's total net profit in January-April rose 14.3 per cent year-on-year to 431.4 billion yuan (US$59,59), while total revenue increased by 11.6 per cent to 3.8 trillion yuan (US$524,6 billion). This is reported by Xinhua News Agency, a partner of TV BRICS.' 'In the same period, total IT services revenue grew 13.2 per cent to 2.5 trillion yuan (US$345 billion). This represents 65.9 per cent of the total revenue of the industry as a whole. The same figure for the cloud computing and big data sub-sector rose 14.3 per cent to 410.7 billion yuan (US$56,6 billion).' 'The agency's data also indicated that revenues from software … Read more
