BEIJING, Aug 29 (Reuters) - China has invested over 43.5
billion yuan ($6.12 billion) in a nationwide project to build
computing data centers over the past years, a senior government
official said on Thursday, amid tech export restrictions from
the United States.
Liu Liehong, head of China's National Data Bureau, disclosed
the figure, which is current as of end-June, at an industry
conference in the southwestern city of Guiyang, state news
agency Xinhua reported.
Beijing officially launched the initiative, dubbed "Eastern
Data, Western Computing", in early 2022 as part of President Xi
Jinping's push to build a "digital China".
China's massive investment in computing comes as it faces
increasing restrictions from the United States, which has
limited exports of some advanced computing products, including
those from industry leader Nvidia ( NVDA ) in recent years.
In response, China has been ramping up efforts to develop
its own advanced computing capabilities.
The "Eastern Data, Western Computing" project includes plans
to construct eight major data center hubs, primarily located in
the western regions. This strategy aims to utilize the abundant
energy resources in the west and transfer computing power to the
economic hubs along the coast.
Beyond direct government spending, Beijing has also sought
to attract other types of investment, including private capital.
The eight data center hubs have drawn more than 200 billion
yuan in total investment, Liu said.
He added that the project has installed over 1.95 million
server racks, with about 63% of them currently in use.
($1 = 7.1122 Chinese yuan renminbi)