ECONOMY

Software Sector

The software and information technology sector sustained stable growth in the first quarter of the year, with its revenue from software-related business rising 11.6 percent year on year to over 2 trillion yuan ($302 billion), according to the Ministry of Industry and Information Technology.

Companies in the sector raked in 203.1 billion yuan ($30.7 billion) in combined profits during the period, down 3.9 percent year on year, shrinking from the 7.6-percent decline registered in the first two months.

In the first three months, China’s software exports came in at $11.6 billion, up 4.3 percent year on year, the data