The Chinese software sector saw robust growth in operating revenues in 2018 according to the latest round of official data.
The “2018 Software and Information Technology Services Sector Statistical Report” (2018年软件和信息技术服务业统计公报) released by the Ministry of Industry and Information Technology over the weekend indicates that that total operating revenues of China’s approximately 37,800 software and information technology enterprises of designated size and above saw YoY growth of 14.2% in 2018 to reach 6.3061 trillion yuan.
Total profits of the Chinese software sector saw YoY growth of 9.7% to reach 807.9 billion yuan in 2018, while the per capita operating revenue generation of the sector was 980,600 yuan, for YoY growth of 9.6%.
Chinese software sector exports totalled USD$55.45 billion, for YoY growth of 0.8%, accounting for approximately 6% of sector-wide operating revenues.
The sector remains highly concentrated in several key cities, with the software sector revenues of Beijing, Shenzhen and Shanghai each standing at around 500 billion yuan.