The Ministry of Industry and Information Technology (MIIT) has issued a new industry plan for the big data sector that sets the target of a tripling in scale by the middle of the decade.
MITT recently issued the “14th Five Year Plan Big Data Industry Development Plan” (“十四五”大数据产业发展规划), covering the period from 2021 to 2025.
The Plan sets the target of China’s big data sector expanding to more than three trillion yuan by 2025, for annual compound growth of around 25%.
MITT official Xie Shaofeng (谢少锋) said that during the preceding 13th Five Year Plan China’s big data sector saw rapid preliminary development, with annual compound growth of over 30% to breach one trillion yuan in 2020.
