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China's software industry grows, but at slower pace

(Xinhua)
Updated: 2009-09-09 13:13

China's software industry continued to grow in the first seven months of this year, but at a slower pace because of the global economic downturn.

The sector saw business revenue of 513.9 billion yuan ($75.23 billion) during the January-July period this year, up 22.2 percent from a year earlier, the Ministry of Industry and Information Technology said Tuesday on its website.

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However, the growth rate was 10.2 percentage points lower than the same period of last year.

July alone registered a 20 percent growth from a year ago in income. It was down 0.8 percentage point from June and 2.4 percentage points lower than May.