Big Data World: China Int'l Big Data Expo opens, attracts over 40k participants

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02:30

The China International Big Data Industry Expo has kicked off in Guiyang, the capital of southwest China's Guizhou Province. More than 40-thousand participants from nearly 30 countries and regions are at the Expo. Chuck Tinte has more.

"China is implementing a national big data strategy centered on building up the country's strength in cyberspace and nurturing a digital China."

These remarks were written in a congratulatory letter by Chinese President Xi Jinping to the opening of the China International Big Data Industry Expo in Guiyang on Saturday.

Xi called for enhanced international exchange and cooperation on the development of the big data industry.

CRISTIANO R. AMON CEO, QUALCOMM "China has a very advanced mobile Internet and it is a very large scale 4G smart phone market. And you should expect that the transition to 5G will make it even bigger. That we want to help that many of our Chinese partners can develop 5G technology."

According to the Chen Zhaoxiong, vice-minister of industry and information technology, China will become the world's largest data producer by 2020, accounting for about 20 percent of global data.

Chen says China now accounts for about 40 percent of disclosed big data patents in the world. China's digital economy has hit 4.3 trillion US dollars, taking up 32.9 percent of the country's GDP.

Chosen as a big data test field, Guizhou Province has set up the first big data exchange and first state-owned big data enterprise. It is also the first lab to focus on big data strategy. At the Guizhou Big Data Exchange, more than thirty types of data will be analyzed, modified and reproduced to become products for sale. It is a new type of innovative exchange for data.

ZHU GUOHUI, EXECUTIVE VICE-PRESIDENT GUIYANG GLOBAL BIG DATA EXCHANGE "Originally, it was like a food market. But later, we become a machining center, and now we've become a production center."

The international expo has attracted over 40,000 participants from nearly 30 countries. Activities will include a summit on e-commerce innovation and development, eight panel discussions, and forums. The expo's exhibition zones, covering some 60,000 square meters, are dedicated to state-of-the-art technology, hardware, digital applications and experiences, and startups. CT, CGTN.