Measures to unleash value of data resources

China will accelerate steps to promote reforms related to the market-oriented allocation of data elements and improve the basic systems and mechanisms for data management, as part of its broader push to foster new quality productive forces and unleash the value of massive data resources, the country's top data governance regulator said on Monday.

Liu Liehong, head of the National Data Administration, said that more efforts should be made to accelerate the formulation of policies concerning data property rights, circulation and transaction, revenue distribution and security governance, nurture a nationwide integrated data market, and press ahead with the construction of data infrastructure such as a national computing power network.

The country will ratchet up resources to bolster the development and utilization of public data and enterprise data, expand the application scenarios of data elements in more fields, and strengthen international cooperation in the digital economy domain, in order to cultivate new competitive advantages, Liu said at a news conference hosted by the State Council Information Office in Beijing.