BEIJING, Oct 20 (Reuters) – China on Tuesday inaugurated the National Data Group, a new state-owned enterprise that will focus on developing and utilising data resources, state media reported, saying the establishment will boost Beijing’s position in global data resources competition.
• Headquartered in Xiongan, about 100 km southwest of Beijing, the group will serve as a national platform to promote cross-industry, cross-regional data flow and sharing.
• The group will work with multiple stakeholders to develop China’s data economy, exploring new business models and expanding the market, state television CCTV said.
• China’s Vice Premier Ding Xuexiang attended the inauguration ceremony in Xiongan on Tuesday.
• Ding said the establishment is of great significant for seizing opportunities in artificial intelligence and strengthening China’s competitive edge, according to state media.
• China formed the National Data Administration in 2023, which handles policy design while the National Data Group’s focus will be on market operations and implementation of data resources, CCTV added.
(Reporting by Shi Bu and Liz Lee; Editing by Kirsten Donovan)
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