Software Revenue Jumps 26%
Revenue from China's software industry grew 25.7% year on year to ¥285.9 billion in the first two months of 2012; the rate was 1.9 percentage points faster than in the same period a year ago, the Ministry of Industry and Information Technology said. The industry's gross profit grew 11.7% year on year to ¥31.1 billion. China exported $4.7 billion worth of software between January and February, up 15.1% from a year earlier.
Over 1b Cellphone Users in China
Revenue from China's mobile services grew 15.2% year on year to ¥114.81 billion in the first two months of 2012, the Ministry of Industry and Information Technology said. The amount as a percentage of total telecommunications revenue has risen from 69.1% a year earlier to 71.5%. China had over one billion cellphone users, including 143.92 million 3G service users, as of the end of February 2012.
Top 5 Banks Get 65% of Industry Profits
China's five largest state-owned commercial lenders reported a combined ¥680.85 billion net profit in 2011, representing 65.4% of the total earnings reaped by all banks last year, figures from their annual reports have shown. All of the five's commission charges increased over 30% in 2011.
Shanghai Salaries Average ¥52,655
The average annual salary in Shanghai grew 10.9% to ¥52,655 in 2011, with the financial, power generation and water supply industries topping the charts with ¥167,173, ¥99,457 and ¥95,958 respectively, according to the city's statistics bureau. The civil services, hospitality and agriculture industries reported the lowest salaries of ¥23,242, ¥30,439 and ¥31,765 respectively last year.
$1 = ¥6.3