China Lays Out Vision for How Data Will Power Economic Growth
- Beijing wants to better utilize China’s massive trove of data
- Plan is for data ownership system with Chinese characteristics
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China issued its most sweeping blueprint for data ownership in a sign of how important a role it plays in Xi Jinping’s vision for the world’s second-biggest economy.
Authorities vowed to create a “compliant and efficient” governance system that would lower the threshold for obtaining important data, while ensuring it isn’t used by companies to compete unfairly, the official Xinhua News Agency reported on Monday. The guidelines, issued by the Communist Party’s Central Committee and the State Council on Dec. 2., also promote greater interconnectivity between regional, industry, and national data centers.