BUSINESS China's IT spending to top 2.21 trln yuan in 2021: report

BUSINESS

China's IT spending to top 2.21 trln yuan in 2021: report

People's Daily Online

12:42, June 14, 2021

A visitor uses a VR-enabled headset supported by China Mobile's 5G technologies to check medical information online during a high-tech exhibition in Shanghai. (Photo: China Daily)

BEIJING, June 13 (Xinhua) -- China's spending on information technology (IT) will grow 10 percent year on year to reach over 2.21 trillion yuan (about 346.1 billion U.S. dollars) in 2021, according to an industrial report.

The outbreak of the COVID-19 epidemic has propelled the upgrade of the internet economy and promoted the development of tele-medicare and tele-education in the country, a report released by global market research firm International Data Corporation (IDC) said.

The Chinese government started implementing its 14th Five-Year Plan this year, which will drive growth in its spending on IT in the coming years, the IDC said.

The Yangtze River Delta region, home to the provinces of Zhejiang, Jiangsu and Anhui as well as Shanghai Municipality, will see their IT spending reach over 518 billion yuan in 2021, the data showed.


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