China to Drive Growth in Market for Data as Factor of Production

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The industry and technology ministry has flagged efforts to drive the growth of China’s market for data as a factor of production.

The Ministry of Industry and Information Technology (MIIT) said that it would “actively cultivate the market for data as a factor of production” at a state press conference held on 28 February.

MIIT spokesperson Tian Yulong (田玉龙) said that the authority would also support the development of data exchanges in Beijing and Shanghai, as well as strengthen industry data security regulation, formulate catalogues of key data, and strengthen protections for them.