The National Development and Reform Commission, alongside five other ministries, has unveiled the "Plan to Enhance Data Circulation Security Governance." This initiative aims to bolster the marketization and valuation of data elements. The plan outlines the establishment, by the end of 2027, of a robust data circulation security governance system characterized by clear regulations, thriving industries, and collaborative efforts from multiple parties. It also envisions the refinement of mechanisms for compliant and efficient data circulation, alongside improved governance efficiency, thereby solidifying the foundation for a thriving data market and the realization of data value.
