Page 394 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
2.17 Information and Communication
Technology Industry
Key Take-Aways However, China's big data sector maintained
a speedy growth in 2019. Core industries in the
Commercial 5G licenses will be sector were expected to be worth more than 720
catalysts for the billion yuan (US$106.3 billion) by the end of the
construction of China's digital economy, which will year. China's big data sector registered growth
form the core of the country's broader economy. between 25 percent and 30 percent, facilitating
the transformation and upgrading of regional
The Chinese cloud market is just at the initial economic structure. Following regions in eastern
stage of growth. Cloud projects in such fields as China where the sector booms, southwest China's
internet, videos, smart cities and big data have Sichuan and Guizhou provinces and Chongqing
kept expanding. municipality will become front-runners. As part
of the development of the digital economy, China
In China, about 79 percent of all the recorded is accelerating the integration of big data and the
DDoS attacks with specific targets were initiated real economy. To maximize the use of big data, the
from cloud platforms. country should make efforts to establish all-in-one
big data platforms and effective mechanisms for
China will continue to lead the growth of the data management. China's big data sector aims to
global cybersecurity market in the coming five increase its annual sales to 1 trillion yuan by 2020
years, with the market size to surge to 17.9 billion from an estimated 280 billion yuan in 2015, said a
US dollars in 2023. plan released in 2017 by the Ministry of Industry
and Information Technology. The sector also
Background targets a compound annual growth rate of around
30 percent for its sales in 2016-2020 (Xinhua,
Revenue of China's electronic information China’s Big Data).
manufacturing industry rose 6.3 percent year
on year in the first quarter of 2019. The sector Commercial 5G licenses will be catalysts for the
registered a 7 percent slump in profits as the construction of China's digital economy, which will
operating costs gained 6.2 percent year-on-year form the core of the country's broader economy.
during the period, according to the Ministry of Kitty Fok, IDC China managing director, said that
Industry and Information Technology (MIIT). IDC expects the digital economy to account for
Fixed asset investment of the industry saw a 5.5 60 percent of global GDP by 2022 and 65 percent
percent increase from a year earlier, reversing of China's. As digital technologies continually
the downward trend in the first two months. penetrate various industries, growth is driven by
In breakdown, profits of communications digital products, operations and relationships.
equipment manufacturers climbed 4.9 percent Global IT spend is expected to reach US$7 trillion
and that of computer manufacturers recorded from 2019-2022, with China expected to account
a 51.7 percent growth, the ministry said. MIIT for over US$1 trillion of that figure. The first batch of
data also showed China's mobile phone output 5G commercial licenses were issued in 2019 by the
shrank by 14.7 percent year-on-year in the first Ministry of Industry and Information Technology in
quarter (Xinhua, Revenue). China. Digital technologies such as next-generation
network security, robotics, blockchain, artificial
intelligence, internet of things, 3D printing and
394
2.17 Information and Communication
Technology Industry
Key Take-Aways However, China's big data sector maintained
a speedy growth in 2019. Core industries in the
Commercial 5G licenses will be sector were expected to be worth more than 720
catalysts for the billion yuan (US$106.3 billion) by the end of the
construction of China's digital economy, which will year. China's big data sector registered growth
form the core of the country's broader economy. between 25 percent and 30 percent, facilitating
the transformation and upgrading of regional
The Chinese cloud market is just at the initial economic structure. Following regions in eastern
stage of growth. Cloud projects in such fields as China where the sector booms, southwest China's
internet, videos, smart cities and big data have Sichuan and Guizhou provinces and Chongqing
kept expanding. municipality will become front-runners. As part
of the development of the digital economy, China
In China, about 79 percent of all the recorded is accelerating the integration of big data and the
DDoS attacks with specific targets were initiated real economy. To maximize the use of big data, the
from cloud platforms. country should make efforts to establish all-in-one
big data platforms and effective mechanisms for
China will continue to lead the growth of the data management. China's big data sector aims to
global cybersecurity market in the coming five increase its annual sales to 1 trillion yuan by 2020
years, with the market size to surge to 17.9 billion from an estimated 280 billion yuan in 2015, said a
US dollars in 2023. plan released in 2017 by the Ministry of Industry
and Information Technology. The sector also
Background targets a compound annual growth rate of around
30 percent for its sales in 2016-2020 (Xinhua,
Revenue of China's electronic information China’s Big Data).
manufacturing industry rose 6.3 percent year
on year in the first quarter of 2019. The sector Commercial 5G licenses will be catalysts for the
registered a 7 percent slump in profits as the construction of China's digital economy, which will
operating costs gained 6.2 percent year-on-year form the core of the country's broader economy.
during the period, according to the Ministry of Kitty Fok, IDC China managing director, said that
Industry and Information Technology (MIIT). IDC expects the digital economy to account for
Fixed asset investment of the industry saw a 5.5 60 percent of global GDP by 2022 and 65 percent
percent increase from a year earlier, reversing of China's. As digital technologies continually
the downward trend in the first two months. penetrate various industries, growth is driven by
In breakdown, profits of communications digital products, operations and relationships.
equipment manufacturers climbed 4.9 percent Global IT spend is expected to reach US$7 trillion
and that of computer manufacturers recorded from 2019-2022, with China expected to account
a 51.7 percent growth, the ministry said. MIIT for over US$1 trillion of that figure. The first batch of
data also showed China's mobile phone output 5G commercial licenses were issued in 2019 by the
shrank by 14.7 percent year-on-year in the first Ministry of Industry and Information Technology in
quarter (Xinhua, Revenue). China. Digital technologies such as next-generation
network security, robotics, blockchain, artificial
intelligence, internet of things, 3D printing and
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