China's IT services industry hits 10T yuan

The software and information technology services industry in China recorded steady revenues exceeding 10.28 trillion yuan ($1.54 trillion) during the first eight months of 2026, marking an 8.8% increase compared to the same period last year. Total profits also grew by 1.3%, reaching 1.18 trillion yuan, while exports rose by 12.5% to $45.99 billion. Revenue from software products increased by 6%, and IT services revenue grew by 9.6%, especially in areas such as cloud computing, big data, and specialized services like circuit design and e-commerce platform services.

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