China has allocated $6.12 billion to build computing data centers nationwide, supporting the country's growing demand for artificial intelligence, big data analytics, and cloud computing. This investment is part of China's broader strategy to enhance its digital economy and technological advancement.
The China data center market size was valued at $14.47 billion in 2023 and is predicted to reach $33.37 billion by 2030, growing at a CAGR of 12.7% from 2024 to 2030. China has over 449 data centers, with 48 key data centers in service or under construction in Guizhou province alone. Guizhou's data center hub has reached 85 EFLOPS of computing power, with intelligent computing accounting for over 98% of that total.
The Chinese government has launched initiatives to support the development of data centers. The "East Data, West Computing" program involves redistributing computing workloads from energy-strained eastern cities to energy-rich western regions. Local governments offer favorable land policies, tax rebates, and energy access guarantees to attract hyperscale operators and cloud service providers.
China's investment in data centers is expected to drive economic growth, with the data center market projected to reach $89.67 billion by 2030, growing at a CAGR of 9.14% during the forecast period. The development of data centers will also support China's technological advancement, particularly in AI, big data analytics, and cloud computing.
