Liu Liehong, a member of the leading Party group of the National Development and Reform Commission and director of the National Data Administration, addressed the press conference of the Digital China Summit today. He stated that China is committed to fostering data circulation and trading, underscoring the symbiotic relationship between the reform of market-oriented data element allocation and the "AI+" initiative. Presently, the national data system is expediting the development of high-quality datasets, which have been successfully listed and traded on data exchanges. Research projects anticipate a 20% year-on-year increase in China's data production volume by 2024, accompanied by a surge of over 30% in data circulation and trading volume. Looking ahead, China will progressively refine data market norms, institute a standard system for data circulation and trading, delineate clear trading regulations, and promote the use of model contracts. These measures aim to reduce institutional costs, elevate trading efficiency, and provide robust support for the "AI+" initiative.