Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 29 (Xinhua) — China’s three-year action plan to boost development by using the unique value of data as a production factor has shown great results.
In the year since the launch of the plan (2024-2026), the country has seen acceleration in the integration of data into large-scale socialized production, as well as positive progress in data marketization and capitalization, the National Data Administration said on Thursday.
According to Luan Jie, an official from the department, more and more enterprises in China are now entering the data market. To date, about 500 digital technology companies have been established under centrally-controlled state-owned enterprises, and about 66 percent of leading enterprises in the industry have purchased data.
Currently, the official noted, data as a unique production factor is widely used in many industries in China, demonstrating an increasingly stimulating role in promoting industry production. In the agro-industrial complex, for example, some enterprises have managed to achieve a 5.5 percent increase in total crop yields by using data to optimize the fertilizer application process.
At the same time, some leading industrial enterprises have integrated data from various production links – from research and development, logistics, warehousing to obtaining price information, which has led to a reduction in R&D, procurement and supply cycles by more than 30 percent.
In the next phase, the State Data Administration intends to step up efforts to advance the implementation of the action plan to stimulate development through the use of data, focusing in particular on removing barriers and difficulties in the dissemination of data application in some key production scenarios. -0-