National Bureau of Statistics Unveiled: Advancing the Construction of Digital China, with a Long and Arduous Road Ahead

Xinhua News Agency, Beijing, October 26th – The Economic Reference Newspaper published an article on October 26th titled “National Bureau of Statistics Unveiled: Advancing the Construction of Digital China”.

According to the article, on the morning of October 25th, the National Bureau of Statistics was officially unveiled. According to the “Plan for the Reform of Party and State Institutions”, the National Bureau of Statistics is responsible for coordinating and promoting the construction of the data basic system, overall planning for the integration, sharing, and development of data resources, and coordinating the planning and construction of digital China, digital economy, and digital society.

Industry experts stated that the establishment of the National Bureau of Statistics will promote the comprehensive implementation of the overall layout of digital China construction, enhance the systematic and coordinated allocation of data elements in the market, fully leverage China’s massive data scale and rich application scenarios, and strengthen, optimize, and expand the digital economy.

On October 25th, citizens passed by the newly unveiled National Bureau of Statistics. Photo by Xinhua News Agency reporter Luo Xiaoguang.

Currently, China is accelerating the construction of its data basic system. At the end of last year, the “Opinions of the CPC Central Committee and the State Council on Better Utilizing Data Elements by Constructing Data Basic System” was issued, focusing on data property rights, circulation transactions, income distribution, and security governance, and systematically laid out the “four beams and eight pillars” of the data basic system. In February of this year, the “Overall Layout Plan for Digital China Construction” was released, emphasizing the smooth flow of data resources.

At the same time, various parties are accelerating their layout in the field of data elements, exploring deep implementation plans from multiple levels and perspectives such as institutional mechanisms, market circulation, product research and development, and standard specifications. For example, recently, policies have been successively issued in Beijing, Shanghai, Guizhou, Hubei, and other places, clarifying the goal of building data element markets with a scale of hundreds of billions in the coming years, and promoting orderly circulation of social data and accelerating the development and utilization of data resources.

With various parties accelerating the exploration of new models of data circulation and innovative application scenarios, the value of data elements continues to be released. According to the “Digital China Development Report (2022)” released in April this year, China’s big data industry reached 1.57 trillion yuan in 2022, an increase of 18% year-on-year. In addition, data from the China Academy of Information and Communications Technology shows that China’s data transaction scale exceeded 70 billion yuan in 2022, and the overall market size is expected to exceed 220 billion yuan by 2025.

Industry insiders believe that overall, China’s data element market development is still in its early stages, and there is still room for further exploration and refinement.

Experts from the China Academy of Information and Communications Technology also stated that China has the advantage of massive data resources, laying an important foundation for data to become a production factor. In the future, through a combination of institutional design, technological application, and industry cultivation, these advantages will be transformed into capabilities to unleash the value of data elements.

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