Caixin
Dec 01, 2021 03:36 AM
ECONOMY

China’s Big Data Industry to Top $470 Billion by 2025

China’s big data industry has grown by more than 30% annually since 2015 and exceeded 1 trillion yuan by the end of 2020
China’s big data industry has grown by more than 30% annually since 2015 and exceeded 1 trillion yuan by the end of 2020

China’s top industry regulator issued a road map for development of the country’s big data industry through 2025, highlighting efforts to cultivate the market, build industry chains and safeguard data security.

The Ministry of Industry and Information Technology (MIIT) Tuesday published the 14th Five-Year Plan (link in Chinese) to guide the big data industry. According to the plan, China’s big data industry will exceed 3 trillion yuan ($470 billion) by the end of 2025, with an average annual growth rate of around 25%.

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