Overview:
IDC estimates that the Chinese ICT market will grow by 7% annually until 2025, when the market will exceed $6 trillion. The key factors driving this growth are increased consumption by China’s burgeoning middle class, policies to upgrade China’s industrial infrastructure, and an increasingly innovative tech ecosystem.
China currently has 721 million internet users and 46% mobile penetration. Improving mobile coverage in rural areas and continued urbanisation is driving technology adoption among lower-income groups.
Around a third of all internet users live in rural China (approximately 200m people).