Off the wire
• 2nd LD Writethru: 11 killed, 50 injured in stampede in Hindu temple in eastern India  • Soot aggregates, the most noxious PM2.5: Chinese experts  • Retiring Australian cricket captain angrily dismisses claims of team disunity  • Haitian president appeals for non-violence in ongoing legislative elections  • Urgent: Chinese shares rise over 3 pct  • China Exclusive: China's "sky eyes" help protect world heritage Angkor Wat  • Australian diets revealed as sub-standard with junk food prominent: report  • 1st LD-Writethru: Chinese shares open higher on Monday  • China, U.S. to exchange officials for Xi's visit  • Blue algae outbreak threatens water supply in China's 5th largest lake  
You are here: 　 Home

China sees spiking software, IT product sales

Xinhua, August 10, 2015 Adjust font size:

Software and IT services sales surged in the first five months this year, evidence that consumption pertaining to technology and Internet is increasing economic growth, said China's top economic planner.

The two sectors witnessed a 17.1 percent increase in sales revenue from a year earlier to 1.59 trillion yuan (260 billion U.S. dollars) during the Jan.- May period, the National Development and Reform Commission (NDRC) said Monday.

The growth rate outperformed the 10.4 percent growth for overall retail sales in the same period, official data showed.

Products like smart TVs, smart cellphones and wearable devices are leading the sales increase, with the sales volume of smart TVs jumping 59.9 percent in May year on year, the NDRC said in a statement.

Brand new products and business models are providing fresh support for economic growth, with online sales volume surging 39.1 percent in the first half of this year, the statement said.

China's gross domestic product (GDP) expanded 7 percent from a year ago in the second quarter, the same with the first quarter, beating a market forecast for further decline. Endi