CHINA SOFTWARE INDUSTRY PROFITS UP 25% OVER SEVEN MONTHS

BEIJING – China’s software industry earned more than RMB1.3 trillion in revenue in the first seven months of 2012, up 25.4% on-year, Government data shows. China’s software business is flourishing in the nation's western regions, including Chongqing, Sichuan and Shaanxi, the Ministry of Industry and Information Technology said. Data released by the Ministry also showed that the surge in revenues was accompanied by a 12.5% rise in export value for the sector in the same seven-month period.