China issues guideline for building basic data systems

China has issued a guideline on building basic systems for data, as part of its broader push to give full play to the role of data resources, facilitate the development of digital economy and inject fresh impetus into economic growth.

According to a guideline jointly released by the Communist Party of China Central Committee and the State Council on Monday, the country's basic systems for data will involve the establishment of a data property rights system, a circulation and trading system, an income distribution system, and a security governance system.

Efforts will be made to enhance the value of data elements, lower the threshold for market entities to gain access to data, and promote the sharing of the development dividends of digital economy by all, the guideline said.

The country will take steps to promote the efficient use and circulation of data, improve the governance efficiency of data resources and actively participate in the formulation of international rules on cross-border data flows.

The move is to better empower the real economy, stimulate the vitality of market entities, and promote high-quality development, according to the guideline.

From: ChinaDaily