Percent Year: Percent and Yuan

percent year: R&D investment in the sector registered a large jump by rising 29.4 percent year on year to 23 billion yuan in the period, according to Global Times China. Revenues of information services, making up 68.5 percent of the Internet business revenue as the biggest contributor, surged 23 percent to 370.3 billion yuan during the period. Companies boasting annual Internet and related services revenue of over 5 million yuan raked in 540.9 billion yuan 78.4 billion US dollars in H1, up 17.9 percent year on year, according to the Ministry of Industry and Information Technology MIIT . The pace picked up 0.6 percentage points from the first quarter, the MIIT said. Guangdong, Shanghai and Beijing saw their Internet business revenues up 11.7 percent, 25.6 percent and 19.1 percent respectively year on year in H1. China steps up food safety with Internet technology China to enhance industrial internet security (news.financializer.com). As reported in the news.