Economy > Trade

China's software export reaches 37.5 billion USD in 2017: report

Xinhua Financein ​DALIAN
2018-06-13 10:54

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China's software exports reached 37.6 billion U.S. dollars in 2017, up 9.7 percent year-on-year, said a report on the digital economy issued by the Ministry of Commerce Tuesday.

About half the volume, 18.9 billion U.S. dollars, was through exports to the United States, European Union and Japan, according to the report.

China's software export grew rapidly since 2012 and has gradually moved towards the higher end of the value chain, it said.

The report also noted that China still lacks the innovative capabilities in developing basic and development tools software, and warned domestic software companies of growing cost and risks in the industry.
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