China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be
30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.
In addition, the global total amount of new data generated is set to grow from 33ZB in 2018 to 175ZB by
2025, with data collected from entertainment platforms, video surveillance footage, internet-co
nnected devices, productivity tools and metadata contributing to most of the growth, according to the report.
In the race for data, which, as IDC analysts put in their report, is
“at the heart of this digital world” and “a company’s most valuable intangible a
sset, which can create a competitive edge in digital transformation”, there is already a victory sign coming from China.
The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.
China after Spring Festival. Before embarking on their next move in interest rate reform, however, policymakers need to assess dom
estic macroeconomic conditions in order to reduce financing costs. It is more urgent to let the financial market determine the lending rate, Sun said.
“We hope (policy fine-tuning) will not surprise the market when it is introduced,” Sun said.
Communication with other countries is also needed before launching new policies or introdu
cing creative monetary policy tools, and “the PBOC has good communication mechanisms with other c
entral banks including the US Federal Reserve and the European Central Bank”, Sun said.
Last year, the PBOC removed some constraints on credit, including liquidity in
jection through cutting the reserve requirement ratio four times and capital rep
lenishment by allowing commercial banks to issue perpetual bonds, which have no maturity rate, he said.
Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — th
e rate commercial banks charge businesses — set by the central bank in 2015. It is higher than in
terbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.
Spring Festival, celebrating the start of the Chinese Lun
ar New Year, is unique beyond being the most important festival in the world’s most populous country.
Not only is it the longest holiday that most workers in China are entitled to, it also pr
oduces the largest annual human population movement in the world, th
anks to the age-old tradition of family reunions that are at the center of the occasion.
This year, the Year of the Pig, which is strongly believed to be associated with good fortune, has seen hundreds of millions
of workers based in cities and big towns returning to their smaller towns and villages of origin to reunite a
nd feast with their families－including their parents, and, for many, also their spouses and children. The official fo
recast is that this year, nearly 3 billion trips will be generated during the 40-day travel rush from Jan 21 to March 1.
While it might not be so obvious, this huge social phenomenon both shapes and is shaped by the sheer size and dis
tribution of China’s population linked to births, deaths and migration, and the way these three sets of vital events interact.
ing a probe on the far side of the moon. For instance, Jim Bridenstine, NASA administrator, took
to Twitter to describe the mission as “a first for humanity and an impressive accomplishment”. China, on it
s part, said that scientists from the two communicated closely before and during the Chang’e-4 launch process.
While the US side informed Chinese scientists about its satellites in orbit around the moon, Chi
na shared with the US scientists the longitude, latitude and timing of Chang’e-4’s landing. The int
eraction was in sharp contrast to the tense relations between the two sides in other areas of science and technology. W
hich means there is huge room for cooperation between the US and China in space exploration.
Cooperation more important in spaceina have both made great progress in
Although the US and Ch space technologies, they are still in the primitive sta
ge of developing and using space. As of today, neither country is capable of building a new permanent sta
tion in space, let alone building one on the moon. But through cooperation and collaboration, which will reduce the cost of
space development for both countries, the US and China can aim at more ambitious targets.
During the Spring Festival holiday, burning calories has become a new trend from an internet catchphrase, chinanews.com has reported.
In many parts of China, sports have risen in popularity, as people enjoy working out by putting their
bodies in motion, reducing the physical burden of eating and drinking while staying healthier at the same time.
Fangfang, 24, from Taizhou, Zhejiang province, ran her first 5 kilometers of the Year of the Pig on Monday, as jogging to work makes her feel full of energy.
Dozens of winter swimmers from Yuhuan, Zhejiang, gathered at the beach behind Kanmen and rushed into to the sea against the cold wind to enjoy s
wimming. “We coastal people start the new year with our unique sport,” winter swimming enthusiast Chen Zhongfang said.
In preparation for the 2022 Beijing Winter Olympics, games on snow and ice are drawing more interest. In snow and ic
e parks in Hohhot, Inner Mongolia autonomous region, a number of experiential projects have been set up, such
as a snow football field, ice bumper cars, curling, ice gyro and a snow circle. Thousands of citizens take part in such activities every day.
Border inspection agencies across China have seen more th
an 12.5 million entry and exit trips made during the week-long Spring Festival holiday that started Mo
nday, an increase of nearly 11 percent than that of last year, the National Immigration Administration (NIA) said Sunday.
Inbound trips exceeded 6.22 million, rising by about 9.5 percent than the figure of 2018, wh
ile outbound trips increased by nearly 12.5 percent to over 6.31 million, according to the NIA.
Over 7.22 million entry and exit trips during the holiday were made by mainland residents for personal p
urposes, including traveling and visiting family members, growing by nearly 16 percent year on year.
Destinations visited most included Thailand, Japan, Vietnam, the Republic of K
orea, Singapore, Malaysia and the United States, as well as Hong Kong, Macao and Taiwan, the NIA said.