China accelerates data reforms, treating data as a new production factor and integrating it into enterprise balance sheets.
China is accelerating efforts to promote data reforms, including market-oriented allocation of data elements and putting data assets on enterprise balance sheets. Data has become a new type of production factor, crucial for industrial revolution. Efforts are needed to build basic data systems, enhance data circulation, transactions, and utilization, and strengthen digital infrastructure to fully exploit the value of vast data resources.
June 27, 2024
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