Accelerate the removal of institutional and institutional barriers that hinder the compliant and efficient circulation of data elements, and launch a batch of policy documents; Promoting the reform of public data resource management and operation mechanisms, researching and formulating policies for the development and utilization of enterprise data resources, and fully promoting the "data element x" action... In recent times, various parties are actively deploying relevant measures to further improve the data infrastructure system and enhance the level of data resource development and utilization. Improving the basic institutional system of data elements is in the digital age, where data is ubiquitous and involves thousands of industries. The latest information from the National Data Bureau shows that based on preliminary calculations, the total data production in China is expected to exceed 32ZB in 2023. However, it should also be noted that the bottleneck problems that constrain the "availability", "flow", and "good use" of data are still prominent, and systems such as data property rights, circulation and transactions, income distribution, and security governance still need to be improved. The recently held National Data Work Conference identified "improving the data infrastructure system" as the top priority of the eight key tasks for 2024, and clarified the establishment of a sound data property rights system. Develop policies to promote compliant and efficient data circulation and trading, focusing on reducing circulation costs and improving circulation efficiency, and cultivating a multi-level data circulation and trading system. Establish a mechanism for distributing data element benefits. Establish a sound data circulation and utilization security governance mechanism. Liu Liehong, Director of the National Bureau of Data, stated at the 2024 Annual Meeting of the China Development Forum that efforts will be made to accelerate the removal of institutional barriers that hinder the compliant and efficient circulation of data elements, and to focus on optimizing the market-oriented allocation of data elements, giving rise to new industries, models, and driving forces. "The relevant deployment highlights the problem orientation and releases a strong signal to support the development and utilization of data elements and market circulation. It is expected to accelerate institutional and mechanism innovation in promoting high-quality data supply and application, construction of circulation and transaction ecosystem, price formation mechanism, income distribution mechanism, data classification and hierarchical governance, and comprehensively promote the market-oriented allocation reform of data elements." Zhao Gang, President of Saizhi Industry Research Institute, believes. Actively promoting data circulation and trading. Since the listing of the National Data Administration at the end of October last year, China's data work system has taken shape. At present, all 31 provinces in China and the Xinjiang Production and Construction Corps have completed institutional establishment, with most provinces supporting the establishment of data development promotion centers and the formation of data groups. At present, many places are taking the lead in promoting data resource utilization and assetization. Recently, Fujian's first health and medical data product completed on exchange trading on the Fujian Big Data Exchange, achieving a breakthrough in zero on exchange trading of health and medical data products in the province. For this "invisible and intangible" data product, the relevant person in charge of Beijing Intelligent Decision Medical Technology Co., Ltd., the data purchaser, stated that they will conduct research in related fields based on compliant transaction data products and apply them to application scenarios such as healthcare, disease prevention, and biomedicine. In addition, the headquarters project of Hubei Data Group has recently settled in Wuhan Optics Valley, and will further develop business around data element trading, public data authorization operation, and data element industry investment; Jiangsu issues implementation opinions to build a multi-level and diversified data element market ecosystem; Zhengzhou proposes to attract no less than 50 data merchants and third parties by the end of 2024
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