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China's national data infrastructure aims to facilitate large-scale data sharing

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      China

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      China's national data infrastructure aims to facilitate large-scale data sharing

      2025-01-06 21:34 Last Updated At:23:27

      China is building national data infrastructure to facilitate large-scale data sharing and utilization across sectors, aiming to unlock the economic potential of data and fuel future growth, according to the National Data Administration (NDA).

      The country expects to complete the building of the main structure of the national data infrastructure by 2029, according to a new plan released on Monday.

      Titled "Guidelines for National Data Infrastructure Construction," the plan was released by China's National Development and Reform Commission, National Data Administration, Ministry of Industry and Information Technology at a press conference held in Beijing on Monday.

      "Through the integration and application of industry and regional data infrastructure, public data services can be promoted on a larger scale and in more areas," said Li Jianguo, deputy director of the NDA's Digital Technology and Infrastructure Construction Department.

      The NDA estimates that every 10-percent increase in data flow can contribute to a 0.2-percent rise in GDP, with the contribution of data flow to profit growth across various industries averaged at about ten percent.

      "We are building and operating the national data infrastructure to support large-scale data circulation and utilization across regions, industries, and enterprises. This will unlock the full value of data elements, leverage the advantages of massive datasets and diverse application scenarios, and empower the development of new quality productive forces and the construction of a digital China," said Du Wei, director of the NDA's Digital Technology and Infrastructure Construction Department.

      China's national data infrastructure aims to facilitate large-scale data sharing

      China's national data infrastructure aims to facilitate large-scale data sharing

      Next Article

      US stocks nosedive on escalating trade tensions

      2025-04-05 00:51 Last Updated At:02:17

      U.S. stocks plunged again during Friday's morning session as investors braced for escalating trade tensions sparked by President Donald Trump's reciprocal tariffs.

      As of 10:15 Eastern Time (14:15 GMT), the Dow Jones Industrial Average had dropped 1,286.43 points, or 3.17 percent, to 39,259.50. The S and P 500 fell 201.77 points, or 3.74 percent, to 5,194.75, while the Nasdaq Composite declined 645.31 points, or 3.9 percent, to 15,905.30.

      Markets also suffered sharp losses on Thursday, with the Dow, S and P 500, and Nasdaq falling 3.98 percent, 4.84 percent, and 5.97 percent, respectively.

      According to U.S. media reports on Friday, the combined market value of the seven major U.S. tech stocks dropped by approximately 1.03 trillion U.S. dollars during Thursday's trading session.

      According to a CNBC report, following China's countermeasures against Trump's so-called reciprocal tariffs, investors are concerned that a potential trade war could push the global economy into recession -- a key factor behind the sharp decline in the U.S. stock market at the opening.

      US stocks nosedive on escalating trade tensions

      US stocks nosedive on escalating trade tensions

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