Takatuf

English

Solutions

China eyes 10 new national data zones in digital economy push AI race with US

4 days ago

China will establish 10 national data pilot zones its data agency announced as the country seeks to bolster its digital economy and compete with the United States in the race to dominate artificial intelligence The National Data Administration NDA said the zones would be established in Beijing Zhejiang Anhui and other regions The initiative encourages select local governments to spearhead efforts in nurturing datarelated market entities and expanding the data market according to the state broadcaster CCTV The zones also intend to unlock the potential of integrating the real economy with the digital economy the CCTV report said The move came as China ramps up efforts to tap into the digital economys growth potential and gain an edge in its intensifying tech rivalry with the United States especially in the rapidly evolving AI sector According to CCTV China had already established a comprehensive data industry chain home to over 190000 datarelated enterprises The sectors market size had surpassed 2 trillion yuan US2784 billion with the figure projected to rise to 75 trillion yuan by 2030 according to the state broadcaster A threeyear action plan covering 2024 to 2026 released by 17 government agencies including the NDA aims to double the volume of data transactions and create over 300 exemplary application scenarios to leverage the multiplier effects of data across sectors At the end of 2024 Beijing released a blueprint for the data sector targeting annual growth of over 15 per cent by 2029 Priorities include advancing artificial intelligence and achieving breakthroughs in datarelated technologies Luan Jie deputy director general in the Department of Policy and Planning under the NDA told the press last month that nearly 500 digital technology subsidiaries had been established by central stateowned enterprises under the threeyear plan and about 66 per cent of leading companies across industries had bought data Luan highlighted the growing multiplier effects of data noting that some firms had cut development and procurement cycles by over 30 per cent and reduced inventory turnover from three months to one In agriculture some companies had used data to boost crop yields by 55 per cent she said

Sylvia Ma

Relevance news