“The annual consumption of mechanical hard drives in the Chinese market alone is close to 60 billion yuan, but the lack of core technology and insufficient production capacity have left the Chinese industry in a passive situation amidst fluctuations in global supply.” Zhou Yuefeng, senior vice president of Huawei, cloud CEO, and president of the data storage product line, recently described the current pattern of the domestic storage industry as “before, there were wolves, then tigers”: there were technical barriers from international giants before, and then dragged down by internal price wars. Despite serious challenges, Zhou Yuefeng remains confident about the future of China's storage industry. “China is already a big data country, and the annual data generation volume has doubled from the 800EB level. In the field of storage, everything from the underlying media and components to the upper layer software and operating system has been basically localized.” He said that like 5G, data storage is expected to become China's second business card in the field of global technology.

“The annual consumption of mechanical hard drives in the Chinese market alone is close to 60 billion yuan, but the lack of core technology and insufficient production capacity have left the Chinese industry in a passive situation amidst fluctuations in global supply.” Zhou Yuefeng, senior vice president of Huawei, cloud CEO, and president of the data storage product line, recently described the current pattern of the domestic storage industry as “before, there were wolves, then tigers”: there were technical barriers from international giants before, and then dragged down by internal price wars. Despite serious challenges, Zhou Yuefeng remains confident about the future of China's storage industry. “China is already a big data country, and the annual data generation volume has doubled from the 800EB level. In the field of storage, everything from the underlying media and components to the upper layer software and operating system has been basically localized.” He said that like 5G, data storage is expected to become China's second business card in the field of global technology.