80 % of China's Software Exports come From Foreign Companies

China exported software worth of 610 million U.S.exports of 500 million U.S. dollars in the January
dollars in the first ten months of 2006, more than.October. period, up 40.4 percent year-on-year.
80 percent of which was made by foreignThe figure from private local companies declined
companies operating in China.9.3percent to 60 million U.S. dollars, according to
Customs statistics released here showed that thecustoms statistics of China.
value of national software exports rose 30.7In the press release on its website, China
percent year on year but the proportion fromCustoms attributed the bad performance of local
private local companies dropped in the period.companies to their small scale and lack of
Foreign-funded companies recorded softwarecompetitiveness in the international market.