China's software industry posted slower growth in the first four months of this year due to increasing competition, weak external demand and a slow implementation of preferential policies, the Ministry of Industry and Information Technology said Tuesday.
Software industry revenues rose 26 percent year on year to 652 billion yuan (103.06 billion US dollars) from January to April, slowing 1.9 percentage points from the same period last year.
Java Training CoursesThe growth during the January-April period also marked a slowdown of 0.4 percentage points from the first quarter of this year, the MIIT data showed.
IT TrainingSoftware exports amounted to 10.47 billion US dollars during the period, up 10.2 per cent year on year, slowing 13 percentage points from a year ago and decelerating 4.9 percentage points and 2.3 percentage points, respectively, from February and March. To boost the sector's growth, the Chinese government has created preferential tax policies for software and integrated circuit (IC) enterprises to spur technological innovation and industrial upgrades, according to a government statement issued on Thursday. Backdated to January 1, 2011 and effective until December 31, 2017, enterprises that manufacture IC lines thinner than 0.8 microns will be approved for two-year corporate tax exemptions once they make a profit.
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