China’s Ministry of Industry and Information Technology (MIIT) called for improved cross-border security management of big data till 2025, in a five-year plan published on Tuesday.
The plan, which builds on China’s 14th Five-Year Plan published earlier this year, comes as the country pushes its regulatory framework for data and technology.
It re-affirms data as a “factor of production” and a “national strategic resource”.
The plan contains six key tasks, including improving the “marketisation” of data, improving computing power, and playing a leading role in developing global technology standards.
It also called for strengthening of management of cross-border data flows and more support for open source initiatives.
The scale of China’s big data industry will exceed 3 trillion yuan ($470.79 billion) by the end of 2025, MIIT estimated.
Beijing implemented two key laws this year – the Personal Information Protection Law and the Data Security Law, which govern how companies and organisations may store and move data.
• Reuters with additional editing by Jim Pollard
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