Reforms to further push digital China

China will ratchet up resources to deepen reforms related to the market-oriented allocation of data elements and facilitate the high-quality development of both the digital economy and digital society, as part of a broader push to advance the building of a "Digital China", the country's top data governance regulator said on Monday.

Liu Liehong, head of the National Data Administration, said that 21 policy documents have been published concerning data property rights, circulation and transaction, revenue distribution and security governance, to establish the basic systems for data since 2024.

According to Liu, the transaction scale of China's data market exceeded 160 billion yuan ($22.06 billion) last year, up more than 30 percent year-on-year, while the nation's total data output is expected to have risen by more than 20 percent in 2024 compared to a year earlier.