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China Software Industry ‘Huge Room’ to Grow, Pansoft CFO Says

China’s software industry has “huge” growth potential given the nation’s economic expansion and preferential government policies, according to Pansoft Co.

“The Chinese government has issued a preferential policy to foster the development and expansion of software companies, and this preferential tax policy has been applied to software and other high-tech companies,” Allen Zhang, Chief Financial Officer of New York-listed Pansoft Co., said in a phone interview. “We expect the software industry to maintain higher-than-average growth rates versus other sectors of the economy.”

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