Experts highlight data's role in economy

Data elements urged to be given full play to inject more impetus into economic growth

China should leverage its massive data resources to foster new growth drivers and further expand the application scenarios of data in various sectors, given that data has become a new type of production factor and has injected fresh impetus into the high-quality development of the digital economy, experts said.

Jiang Xiaojuan, head of the China Society of Industrial Economics and a professor at the University of Chinese Academy of Social Sciences, said data has permeated all aspects of society and has an impact on the allocation of social resources as well as the logic of economic and social operations.

Jiang made the remarks at the Academic Conference on Digital Economy Development and Governance held in Beijing on Wednesday.