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China is undeniably leading the way in driving data center developments in the region. With a robust market and increasing demand for data center services, China has seen significant growth and investment in this sector. 

As one of the largest state-owned telecommunications companies in China, China Telecom Corporation is a key player in the country's data center sector. They have been instrumental in expanding and enhancing data center infrastructure to meet the growing needs of businesses and consumers. 

China has implemented strategic plans to boost computing power and establish data center clusters in key areas. The construction of eight computing hubs and ten data center clusters in eastern and western China is part of the government's cross-regional plan to strengthen the country's computing capabilities. 

These efforts are further bolstered by the release of industry-related policies, such as the Three-year Action Plan for New Data, which aims to support and regulate the data center industry. With these initiatives, China is solidifying its position as a leader in data center development within the region. 

Industry reports states that the revenue generated in the China colocation market is expected to reach a significant milestone by the end of 2023. China's data center market is projected to generate a revenue of approximately US$69 billion by the end of the year. This growth is attributed to the increasing demand for data center services and the country's focus on technological advancements. 

The China Internet Data Center Market is also expected to reach a value of USD 64.01 billion in 2023, further highlighting the substantial revenue potential of the colocation market in China.