CCP and State Council Release Opinion on Fostering and Developing a Data Factor Market and Optimizing Data Pool for Economic Governance

Recently, China’s State Council issued the Opinions on Accelerating the Improvement of the Socialist Market Economy System in the New Era (“Opinions”).

Recently, China’s State Council issued the Opinions on Accelerating the Improvement of the Socialist Market Economy System in the New Era (“Opinions”).

The Opinions pointed out that China will:

(i) accelerate the cultivation development of data factor market, establish management mechanism of data source list and optimize standards and measures for the data ownership definition, data sharing and data transaction circulation;

(ii) promote the establishment of digital government, strengthen data sharing and personal information protection;

(iii) optimize basic data pool for economic governance, strengthen the capabilities of economy monitoring, forecasting and early warning, make good use of big data and artificial intelligence and other new technologies, establish big risks detection and warning mechanism, and strengthen the management of social expectation.

(Source: China’s State Council) 

http://www.gov.cn/zhengce/2020-05/18/content_5512696.htm

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/ccp-and-state-council-release-opinion-on-fostering-and-developing-a-data-factor-market-and-optimizing-data-pool-for-economic-governance/.

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