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Economy

China Sets Ambitious Goal in Cloud Computing

The scale of the cloud computing industry is expected to expand to 430 billion yuan (US$62.29 billion) by 2019, making breakthroughs in core technologies and strengthening Chinese cloud computing’s global influence, according to an action plan for 2017-2019 issued by the Ministry of Industry and Information Technology.

By NewsChina Updated Jul.1

The scale of the cloud computing industry is expected to expand to 430 billion yuan (US$62.29 billion) by 2019, making breakthroughs in core technologies and strengthening Chinese cloud computing’s global influence, according to an action plan for 2017-2019 issued by the Ministry of Industry and Information Technology. 

The cloud computing market is promising, and in the future will be used in all aspects of life, Li Guangqian, director of the Information Office of the Development Research Center under the State Council, told Economic Daily. However, Li stressed that China’s cloud computing technology is not completely independent, and there are still many aspects that need to be improved, such as operating systems and large-scale software, as well as security and intellectual property protection. 

The action plan also proposed support for the development of cloud computing, such as optimizing the investment and financing environment as well as promoting brand innovation, and Li warned the government and the market should pay attention to competition and monopolies.  

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