BEIJING – Electronics and IT in China registered profits of $26.2 billion in 2009, up 5.2% year-over-year, says the
Ministry of Industry and Information Technology.
Revenues of the country’s electronics and IT firms were $750.3 billion during the year, up 0.1% compared to 2008.
The industry's export value, however, dropped to $422.7 billion, down 5.6% year-over-year.
Software revenue jumped 25.6% to $139.1 billion compared to the previous year.
Exports and imports fell 12.8% to $771.9 billion last year, the first drop since 2000. Exports for the sector dropped 12.5% to $457.2 billion, accounting for 38% of China’s total.
Imports were $314.7 billion, down 13.5% year-over-year.