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

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Aug. 11 (Bloomberg) -- 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.”

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

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