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China tech

China seeks tripling of big data industry to $470bn by 2025

New five-year plan pushes for wider use of data in government and industry

Chinese companies such as Alibaba have made effective -- and lucrative -- use of big data.   © AP

BEIJING -- China aims to triple the size of its big data industry to 3 trillion yuan ($470 billion) in the five years through 2025 under a five-year plan announced Tuesday.

The plan, released by the Ministry of Industry and Information Technology, calls for the government to promote the development of advanced technologies in the field and the creation of a data exchange, as well as to ensure national data security.

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