China's software and information technology service industry reported double-digit year-on-year growth in terms of revenue in the first eleven months of 2024, the Ministry of Industry and Information Technology said on Thursday.
Data show that from January to November, China's software business revenue reached 12.2903 trillion yuan (about 1.68 trillion U.S. dollars), a year-on-year increase of 10.7 percent.
The revenue from information technology services maintained double-digit growth, accounting for 67.3 percent of the total industry revenue. Among these, cloud computing and big data services generated a revenue of 1.2691 trillion yuan (about 173.86 billion U.S. dollars), marking a year-on-year increase of 10.5 percent.
In the eleven-month period, software business exports continued to improve, reaching 51.01 billion U.S. dollars, up 4.8 percent year on year.
China's software, IT service industry sees double-digit growth in revenue in Jan-Nov 2024
Yemen's temporary capital Aden is showing resilience and stability in economy, with market operations and public services running smoothly despite a recent escalation in the region's volatile military and political situation.
Currently, various essential supplies, including grain, oil, food and everyday items, are consistently available on the markets.
Public services such as water, electricity and communications are also functioning normally, and shops in multiple commercial districts remain open.
"We went out to buy household items today. The prices were the same. There was no rise in prices," said Mohamed Naguib, a resident.
The current market stability is attributed to the efficient functioning of the transportation and logistics systems, as well as the government's ongoing efforts to enhance market oversight and regulate prices, which have helped reduce market volatility, according to analysts.
"Although there are some rumors about rising tensions, the overall situation in Aden remains stable. The industry and commerce department has continued to monitor the market and rigorously control prices to prevent increases in commodity and food costs," said Amjad Al-Husseini, director of the Aden Governor's Office.
The city's monetary circulation system has also largely maintained balance, with the exchange rate of the local currency against major foreign currencies remaining relatively stable.
Aden has long been a flashpoint in the country's civil war, which erupted in 2014 when Houthi forces seized much of the north, prompting a Saudi-led military intervention in the following year. Tensions in the south have persisted despite repeated power-sharing deals.
The tensions further escalated last month after the United Arab Emirates-backed Southern Transitional Council (STC) seized large swathes of Yemen's oil-rich Hadramout province and the eastern province of Al-Mahrah. Riyadh considers these areas as a "red line" due to their proximity to the Saudi border and their concentration of Yemen's remaining energy reserves.
Last week, airstrikes and ground operations by the Saudi-led coalition forced the STC forces to withdraw from the two provinces.
Formed in 2017, the STC seeks autonomy and eventual independence for southern Yemen. Although it joined the Saudi-led coalition and became part of the Yemen's Presidential Leadership Council in 2022, the group's push for southern self-rule has continued to fuel disputes over power-sharing and control of territory and resources.
Economy, market remain stable in Yemen's Aden despite escalating violence
