Lack of personnel becomes main barrier to software development

Chinanews, Beijing, Jul. 14 – Ni Guangnan, an academician from Chinese Academy of Engineering, recently wrote a report on Chinese software development. The report was released on the China International Software & Information Service Fair 2007. The report reveals that lacking highly qualified personnel has become the main barrier to software development in China.
Yi Xiaozhun, vice minister of commerce, revealed that Chinese software industry earned 480 billion yuan in 2006, and multinational service of Chinese enterprises amounted to 1 billion US dollars worth.
Statistics show that China's software industry has developed quickly since 2001; 1.29 million people work in the software-related enterprises, and there were 36 enterprises each selling more than 1 billion yuan of software in 2006.
The report also predicts China's software industry will create 500 billion yuan in 2007, and 2010, the sales volume of software in China will amount to 100 billion yuan annually. McKinsey & Company predicts that China will want 340 thousand software personnel in the next five years.