BEIJING – China's software and information technology sector logged steady growth in its revenue and profits in the first 11 months of the year, official data showed.
From January to November, companies in the sector raked in a total of 1.02 trillion yuan (about $160 billion) in profits, rising 8.2 percent year on year, data from the Ministry of Industry and Information Technology showed.
Software revenue of the sector climbed 18.3 percent from a year ago to about 8.54 trillion yuan during the period, the data showed.
ALSO READ: China's software sector posts rapid growth
In the first 11 months, China's software exports amounted to $46.2 billion, an increase of 11.3 percent.