China claims it is ahead of India in IT

By agencies   |   Monday, 09 May 2005, 19:30 IST
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BEIJING: China, whose software exports surged to $2.8 billion, has claimed that the scale of its software industry has surpassed that of India and South Korea. The scale of China's software industry in 2004 reached 230 billion yuan ($27.84 billion), up 2.8 times when compared to that of five years ago, surpassing India and South Korea, a senior official from the Chinese Ministry of Information Industry (MII) said. China views the software industry as the core of the information industry and attaches high importance to the development of the software sector, deputy president of MII's Department of Electronics and Information Product Administration Ding Wenwu said while participating at a recent software conference. Since the implementation of favorable industrial policies, the core competitiveness of China's software industry has become increasingly stronger; China News Service quoted Ding as saying. China's software export volume rose from $400 million in 2000 to $2.8 billion in 2004, up six-fold in five years, Ding said. Five years ago, policies encouraging the development of the software industry issued by the State Council, China's cabinet has served as an active guideline for the development of the sector. In the past five years, China has invested billions in funds on finance, taxation, industrial technology, export, income allocation, professional training, purchase and protection of intellectual property rights in an effort to promote the development of the software and integrated circuit industries, the official noted.