Thursday, July 31, 2008

China - growth of IT revenues

MIIT: IT Revenue Hits RMB 2.66T In H1

China's electronic information industry revenue grew 21.9% year-on-year to RMB 2.66 trillion in the first six months of 2008, according to Ministry of Industry and Information Technology (MIIT) statistics released on Monday. Revenue from China's manufacturing industry totaled RMB 2.31 trillion for an increase of 20.7% year-on-year during the period.

Revenue from China's software industry was up 30.4% year-on-year to RMB 345.7 billion in the first half.

Approximately 295.23 million handsets were sold in the period, up 9.7% from the first half of last year, while nationwide LCD TV production increased 65.8% annually to 10.31 million units.

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