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Articles

China to Transform into an International Competitive Software Nation

Written by: Editor

 
The Chinese Ministry of Industry and Information has strong reasons to believe that the software industry plays a major role in the country’s excellent economy. The future developments are more likely to be sustained even more by this important industry, leading the country to the way of becoming an international competitive software nation. If you are a foreign investor looking to start an IT company in China, we suggest you address to our team of company formation specialists in China and find out the requirements in this sense.
 

Promoting innovations in key techs

 
Developing software technologies is definitely the answer to moving forward in a new economic era in China. The country’s information and software developments and improvements can decide the evolution of the economy on a global scale, as the Chinese authorities consider. The digital transformation is already present in large fields like manufacture, engineering and agriculture in China, with positive results ahead that might attract other countries too. Artificial intelligence, mobile, and cloud computing will represent 65% of China’s GDP by the end of 2021, according to the Chinese experts in economy.
 

China will remain an important global market

 
There are many business opportunities in China which can be directly sustained by technology and software, and there are many companies interested in developing the activities in this direction. Local and foreign companies can extend even faster if they align with the tech requirements in China. Even the numbers registered in the IT sector in China sustain the numerous business possibilities. For example, the first 8 months of 2018 have registered profits of approximately $570 billion in the IT and software sector in China, and a 15% growth on a yearly basis.
 
Looking to open a WFOE in China and you need to know the requirements in this matter? We suggest you get in touch with our team of company incorporation specialists in China and ask for complete support.