Asia Unhedged | China expects domestic cloud computing industry to reach US$62 billion by 2019
Miao Wei, head of China's Ministry of Industry and Information Technology, speaks on March 19, 2017. Photo: Reuters, Shu Zhang
Miao Wei, head of China's Ministry of Industry and Information Technology, speaks on March 19, 2017. Photo: Reuters, Shu Zhang
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China expects domestic cloud computing industry to reach US$62 billion by 2019

As the domestic market booms, Beijing sees local Chinese firms becoming global players

April 12, 2017 12:19 AM (UTC+8)

The Chinese government said on Monday that the country’s cloud computing industry is expected to be worth more than US$62 billion by 2019, with some Chinese firms establishing themselves overseas, reports Caixin.

In a three-year plan issued by China’s Ministry of Industry and Information Technology, authorities outlined government support for the cloud services industry, which was named as a top priority for the country’s 13th Five-Year Plan.

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