National Data Administration: Will Accelerate Formulation of Top-Level Documents for a Unified National Data Market

The National Development and Reform Commission held a press conference in its "Striving for the 15th Five-Year Plan" series to introduce efforts to foster and strengthen new growth drivers. Luan Jie, Director of the Policy and Planning Department of the National Data Administration, said that during the 15th Five-Year Plan period, China will build an open, shared, and secure unified national data market, accelerate the formulation of top-level documents for the national unified data market, improve rules and standards for data circulation and trading, cultivate professional data circulation service providers, and encourage market-based data pricing and revenue distribution methods so that all parties involved in data supply, processing, and development and utilization can earn reasonable returns. Working with relevant departments, the administration plans to implement a new round of three-year "Data Element ×" action plan, study and formulate guidelines for data circulation and utilization in key industries, remove bottlenecks across the entire chain, and build a closed loop for releasing the value of data elements. (Securities Times)