In 2021, companies in the IT service segment spent over 705 billion yuan on research and development in China. According to the Chinese government's plans tech-companies were able to receive tax benefits for R&D expenditures to support its domestic tech industry. However, in recent years, Beijing wanted to shift the focus away from the broad tech sector towards designated high-tech industries by tightening the requirements for companies to qualify for "key software enterprises".
Leading segments of software products in China in 2021, based on revenue
(in billion yuan)
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MIIT. (November 1, 2022). Leading segments of software products in China in 2021, based on revenue (in billion yuan) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/
MIIT. "Leading segments of software products in China in 2021, based on revenue (in billion yuan)." Chart. November 1, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/
MIIT. (2022). Leading segments of software products in China in 2021, based on revenue (in billion yuan). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/
MIIT. "Leading Segments of Software Products in China in 2021, Based on Revenue (in Billion Yuan)." Statista, Statista Inc., 1 Nov 2022, https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/
MIIT, Leading segments of software products in China in 2021, based on revenue (in billion yuan) Statista, https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/ (last visited December 23, 2024)
Leading segments of software products in China in 2021, based on revenue (in billion yuan) [Graph], MIIT, November 1, 2022. [Online]. Available: https://www.statista.com/statistics/1400531/china-revenue-of-software-product-segments/
