SDL International, one of the world's largest providers of language translation software, has launched a Chinese version of its popular Translation Memory tool, SDLX, the first time a major foreign translation technology player has localized its product for the Chinese market.

China currently has no more than 10 established domestic translation software companies, including China National Computer Software and Technology Service Co., Huajian Machine Translation Co. and SJTU Sunway Information Technology Co..

China's translation industry currently accounts for some 11 billion yuan or 1.33 billion US dollars annually, and that number is expected to grow to 21 billion yuan or 2.53 billion dollars by 2005.

(Xinhua News Agency November 8, 2004)