9. Exploring the gold mine of big data, cloud computing and internet of things

An exhibitor demonstrates an anti-terrorism program at the big data expo in Guiyang, Southwest China's Guizhou province, May 25, 2017. [Photo by Zhang Jie/chinadaily.com.cn]

The big data, cloud computing and internet of things (IoT) sectors have been boosted in China.

The market value of China's big data sector reached 16.8 billion yuan in 2016, according to a report released by CAICT. And it is expected to reach 822.88 billion yuan in 2020, Guiyang Big Data Exchange said in a study.

China's cloud computing industry, reaching a market size of 150 billion yuan and growing by 30 percent annually, is one of the world's fastest growing markets, according to a report by Economic Information Daily.

China is speeding up the commercial use of NarrowBand internet of things (NB-IoT) in industrial internet and urban public service and management. The world's largest-scaled NB-IoT commercial project was launched in China's Fujian province on June 19.