Liu Fei added that the repetition and upgrading of product functions and technologies will stimulate consumers' purchasing appetite and create new revenue growth factors for home appliance companies.
China News "China's Smart Home Appliance Industry Uses Smart Solutions to Develop Rapidly" is prepared by PRC.TODAY Portal based on materials from China Daily.
Restricting the export of US cloud services to China is to some extent tantamount to reducing the number of potential customers for US high-tech manufacturing, which will ultimately restrict US high-tech manufacturing, Bi Qi said, stressing that such a move is completely inconsistent with US interests.
Bi Qi noted that the US government will likely stick to restrictions on high-performance, compute-intensive cloud services rather than regular cloud services, limiting the impact on businesses on both sides.
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For example, Bi Qi said that American cloud service providers including czechia email address Microsoft and Amazon do not have much of an advantage over Chinese cloud service companies in terms of production efficiency and cost.
Chinese companies and industry analysts expressed confidence in the domestic development of China's cloud computing and services sector, as Chinese enterprises have made significant progress in the sector thanks to their considerable experience and technological advances.
China's Cloud Computing Sector: Homegrown Innovation
In 2022, China's cloud computing industry will exceed 300 billion yuan ($42 billion), accounting for 14.6 percent of the global market, with an average annual growth rate of over 30 percent, according to official data from China's Ministry of Industry and Information Technology. According to media reports, China's cloud computing market is expected to grow to 380 billion yuan.
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