Participants pose for a photo outside a venue of China International Big Data Industry Expo 2018 in Guiyang, Guizhou province, May 26, 2018. (PHOTO / VCG / CHINADAILY.COM.CN)
BEIJING — China's big data sector will maintain speedy growth
in 2019, a recent report has said.
Core industries in the sector are
expected to be worth more than 720 billion yuan (about US$106.3 billion) this year, according to a report on the sector's outlook released by
the think tank CCID.
China's big data sector aims to increase its annual sales to 1 trillion yuan by 2020 from an estimated 280 billion yuan in 2015
The report said China's big data sector will
register growth between 25 percent and 30 percent, facilitating the
transformation and upgrading of regional economic structure.
Following
regions in eastern China where the sector booms, southwest China's Sichuan and
Guizhou provinces and Chongqing Municipality will become front-runners, the
report said.
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As part of the development of the digital economy, China
is accelerating the integration of big data and the real economy, said Wei Kai,
a researcher with the China Academy of Information and Communication Technology.
To maximize the use of big data, the country should make efforts to
establish all-in-one big data platforms and effective mechanisms for data
management, Wei added.
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China's big data sector aims to increase its
annual sales to 1 trillion yuan by 2020 from an estimated 280 billion yuan in
2015, said a plan released in 2017 by the Ministry of Industry and Information
Technology.
The sector also targets a compound annual growth rate of
around 30 percent for its sales in 2016-2020, according to the plan.
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