Software components become the driving force for growth According to data released yesterday by the Ministry of Industry and Information Technology, in the first quarter of 2011, China's electronic information industry started well. The whole industry continued its steady growth since the second half of last year. The growth rate of production and exports gradually recovered to the level before the international financial crisis. The data shows that software and components have become the main driving force for the growth of the industry. Among them, the electronic device industry has the fastest growth rate. In the first quarter, the sales value reached 263.1 billion yuan, a year-on-year increase of 35.6%, which was 11.9 percentage points higher than the industry average. Data show that in the first quarter of 2011, the added value of China's above-scale electronic information manufacturing industry increased by 15.3%, 0.9 percentage points higher than the industrial average; the sales value reached 1.5605 billion yuan, an increase of 23.7%. Among them, software and components continue to be the main driving force for the growth of the industry. The data shows that the software business revenue growth in the first quarter was stable, reaching 27%, and the growth rate was 1.3 percentage points higher than the same period of last year. Among them, the software business income in March was 128.8 billion yuan, a year-on-year increase of 32.7%, and the growth rate was 3.1 percentage points higher than the same period last year. In the first quarter, the electronic components industry grew rapidly. In the first quarter, the sales value reached 263.1 billion yuan, up 35.6% year-on-year; the export delivery value was 167.8 billion yuan, up 31.0% year-on-year, 11.9 and 14.5 percentage points higher than the industry average. The data shows that the contribution of the domestic market to the industry is increasing. In the first quarter, the electronic information manufacturing industry above designated size achieved a domestic sales value of 694 billion yuan, a year-on-year increase of 34.0%. The contribution rate of domestic sales to the growth of the whole industry reached 59%; the export delivery value was 866.5 billion yuan, a year-on-year increase of 16.5%. The growth rate of domestic sales was faster than exports by 17.5 percentage points, and the dependence on industrial exports fell by 3.5 percentage points over the same period of last year. On the export side, the growth rate of China's electronic information products in foreign trade has gradually returned to pre-crisis levels. In the first quarter, the total import and export of electronic information products was US$249.2 billion, a year-on-year increase of 20.4%. Among them, the export of electronic components has grown rapidly. In the first quarter of 2011, electronic components and electronic devices were exported 191 and 17.9 billion US dollars respectively, up 22.5% and 32.1% year-on-year; higher than the industry average of 2 and 11.6 percentage points. From the main products, integrated circuit exports reached 7.4 billion US dollars, an increase of 12.3%, LCD panels exports 6.7 billion US dollars, an increase of 18.6%.
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