The Ministry of Information Industry has forecast that sales of China’s software industry are expected to reach almost RMB1.1 trillion ($143 billion) in 2010.
The Eleventh Five-Year Plan for Software Industry Development released by the ministry states: ‘The domestic sales of China’s software companies are expected to hit one trillion yuan in 2010, an annual growth of 30% between 2006 and 2010.’
At the same time exports of the software industry will grow 28% annually to $12.5 billion in 2010. It said China will by that year have ten to 15 major software firms each having annual sales of RMB10 billion.
Wang Bingke, shown above, deputy director of the ministry’s Department of Economic Restructuring and Operations, has said the government will step up its support for software innovation.
Wang said the ministry will encourage software firms to cooperate and form unions to build an ‘innovative, home-grown technological system’. This does not sound like good news for all the American software houses who are hoping to dominate the software market in China.
Source: People’s Daily Online