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The National Development and Reform Commission, alongside five other ministries, have released guidelines outlining their vision for the data industry in China. They anticipate that by 2029, the compound annual growth rate of the industry will surpass 15%. This ambitious target envisions a significantly optimized industrial structure, with technological innovation capabilities reaching global leadership status. Furthermore, the supply capacity of data products and services is expected to undergo a substantial upgrade. This transformation will catalyze the emergence of numerous novel digital intelligence applications, services, and business models, alongside the rise of internationally competitive data enterprises. These developments will markedly bolster the overall strength of the data industry, fostering a landscape of regional clustering and coordinated development.
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