Key points:
The project of "counting from the east to the west" was launched to accelerate the layout of the data center to the West
On February 17, the national development and Reform Commission answered a reporter's question on the project of "counting East and counting West". On February 16, the project of "counting East and counting West" was launched. The so-called "counting from the east to the west" refers to the construction of a new computing power network system to transmit the computing power demand of the East and a large number of production and living data to the western region for storage, calculation and feedback, and establish a national computing power hub node in the western region. "Counting from the east to the west" is another important strategic project in China after the power transmission from the west to the East and the South-to-North Water Transfer. At present, most of China's data centers are located in the eastern region. According to the data disclosed in the white paper on digital transformation of energy (2021), by the end of 2019, the total number of racks of Eastern data centers in Beijing, Shanghai, Guangzhou and surrounding areas accounted for 65.3%. However, the land, energy and other resources in the eastern region are becoming increasingly tight, so it is difficult to sustain the large-scale development of data centers in the eastern region. Western China is rich in resources, renewable energy and low cost of electricity and land, so it has the advantage of developing data center industry.
The "counting from the east to the west" project has identified eight national hub nodes of the national integrated computing network, including Chengdu and Chongqing, Inner Mongolia, Guizhou and Gansu. In principle, local governments shall not give preferential policies on land, finance and taxation to new data centers built outside the national hub nodes. In other words, in the future, large data centers will be mainly distributed in these eight regions. Businesses with low network requirements such as background processing, offline analysis, storage and backup can be transferred to the West first and undertaken by the western data center. Some businesses with high network requirements, such as industrial Internet, financial securities, disaster early warning, telemedicine, video call, artificial intelligence reasoning, can still be arranged in Eastern hubs such as Beijing Tianjin Hebei, Yangtze River Delta, Guangdong, Hong Kong and Macao Bay area.
"Counting East and counting West" coordinates the development of IDC industry, and the industry development is expected to accelerate
The western region is rich in renewable energy and has a suitable climate, but there are bottlenecks such as small network bandwidth and high cost of inter provincial data transmission, which can not effectively meet the needs of the East. There is an urgent need to increase the top-level design of the national computing network. "East digital West computing" defines the development goals of green energy conservation and shelf rate, and requires that the average shelf rate of data centers in the cluster should be at least 65% and pue should be controlled within 1.25. The requirements of "East digital West computing" on shelf rate and energy efficiency standards will help the industry reduce costs and develop well. At the same time, the Geographical Demarcation and functional positioning of each hub node are clear, avoiding excessive competition in the industry. In recent years, China's data centers have maintained rapid growth in rack scale and market scale. By the end of 2020, the total scale of racks of China's data centers in use has reached 4 million, and so far, it has reached 5 million. In terms of market scale, the market scale of China's data center has rapidly increased from 37.2 billion yuan in 2014 to 19.8 billion yuan in 2020, with an average annual growth rate of more than 30% in five years. According to the three-year action plan for the development of new data centers (2021-2023), by the end of 2023, the average annual growth rate of the national data center frame scale will remain at about 20%, and the "East data and West computing" project is expected to accelerate the development of the industry.
Investment advice
It is recommended to pay attention to the relevant targets of the data center operation, server, high-speed optical module and machine room refrigeration industry, and give the "overweight" rating to the data center operation, server, high-speed optical module and machine room refrigeration industry.
Risk tips
The demand for computing power is less than expected; The construction progress of the data center is less than expected.
