China's IT and software revenues surpass $1.3T
According to data from China's Ministry of Industry and Information Technology, the revenue of China's software and information technology services industry exceeded $1.34 trillion by the end of July 2026, marking a 9.2% increase compared to the previous year. The total revenue for this industry reached 8.98 trillion yuan, with exports rising by 12.2% to $40.61 billion. Additionally, the software and tech services sectors experienced notable growth, especially in cloud computing and big data services, whose revenues increased by 12.3%. Internet companies also increased their investment in research and development by 14.8%, reflecting the robust growth and investment in technology within the Chinese market.
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