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China to invest $472 billion in large data centers

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In 2022, a new generation of wonderful computing, cloud computing, artificial intelligence platforms and broadband mesh networks are being built in China. Within the cluster of 10 national information centers, 25 new projects were launched with an investment of 190 billion yuan (about $28 billion). In the midst of these, investments in the western part of China have increased by 6 times compared to the same period of the previous year, indicating that the investments are in a real trend to shift from east to west. “14. During the “Five-Year Plan” era, investment in large information centers is expected to increase by more than 20 percent per year, with total investment exceeding 3 trillion yuan (about $472 billion).

On the other hand, according to the data announced by the Ministry of Industry and Information Technology, it shows that China’s electronic information production and process division achieved a stable growth in the first three months of 2022. The residual cost of electronic information producers with an annual operating income of at least 20 million yuan (about $3 million) grew by 12.7 percent in the first quarter compared to the same period a year ago.

While the export-oriented shipments of the prominent enterprises of the sector increased by 11.4 percent in the first three months compared to the one-to-one transfer of the previous year, the fixed asset investments of the sector increased by 27.8 percent when compared to the same periods.

According to the data of the Ministry, it is determined that the electronic information production and process department made a total profit of 143.3 billion yuan in the first quarter of the year, with an amount that increased by 2.8 percent compared to the previous year. The branch’s operating income again reached 3.38 trillion yuan in the first quarter, increasing by 9.5 percent compared to the same period a year ago.

Source China International Radio
Hibya News Agency

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